New Delhi: Foreign Institutional Investors (FIIs) are crucial factors in the stock market. If FIIs continue to buy stocks, the indices rise, however, when they resort to selling sprees, the market declines significantly. The FIIs play a very important role in the global financial market as they make huge investments in the markets of several countries. The decisions of the foreign investors have a lot of influence on the stock markets. In the past 5-6 months, FFis pulled out hygge amount of money from the Indian market which led to several stocks crashing. However, at a time when selling was very high, FIIs continued to have faith in four stocks and increased their stake. The foreign investors increased their stake by 6.6 per cent in the below-mentioned stocks.
Adani Wilmar Ltd
Adani Group’s Adani Wilmar Ltd is engaged in the business of manufacturing edible oils, flour, rice, pulses and sugar for consumers. The brand also sells rice bran oil, blended oil, soya nuggets, chana sattu, biryani kits and khichdi.
Adani Wilmar market capitalisation: Rs 34,493 crore
Adani Wilmar share price is around Rs 265
FIIs increased their share from 1.16% to 4.05%
12.49% is held by retail investors, 8.75% by DIIs, and 74.36% by promoters.
Aditya Birla Fashion & Retail Ltd
Aditya Birla Fashion & Retail Ltd is one of the leading fashion and lifestyle companies in India. It manufactures and retails branded clothing, and has stores spread across the country. Its two main segments are Madura Fashion & Lifestyle and Pantaloons.
Market cap is around Rs 30,835 crore
ABFRL share price is around Rs 255
FII’s share increased from 18.35% to 22.44%.
In addition, 15.75% is held by retail investors, 14.88% by DIIs, and 46.58% by promoters.
Azad Engineering Limited
Azad Engineering is engaged in the business of manufacturing technologically innovative devices for the Oil and Gas, Defence, Energy, Aerospace, Industries.
Azad Engineering market cap is around Rs 9,277 crore
The share price is around Rs 1,463.
FIIs’ stake increased from 9.98% to 14.91%.
In addition, 16.70% is held by retail investors, 8.06% by domestic institutional investors (DIIs), and 60.32% by promoters.
Keynote Financial Services Ltd
Keynote Financial Services Ltd is provides investment banking and financial advisory service. It is also active in ESOP advisory, broking business and security trading.
Financial Services market cap is around Rs 167 crore.
The share price is around Rs 236.
FII’s stake increased from 7.35% to 9.26%.
In addition, 18.85% is held by retail investors, 0.01% by DIIs, and 71.88% by promoters.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
Despite recent market instability and FII sell-offs in the Indian stock market, four companies witnessed significant increases in FII investment. Foreign Institutional Investors increased their stake in Adani Wilmar, Aditya Birla Fashion & Retail, Azad Engineering, and Keynote Financial Services. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
