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FIIs, mutual funds, retail investors buy stake in 45 firms, Tata Coffee shares a hit

FII bought shares worth $3 bn, DIIs offloaded $1.2 bn in a quarter when Sensex rose 2.9%.

The shareholding pattern of 203 of the listed companies for the quarter ended June 30, 2013, reveals a mixed buying and selling pattern among FIIs, domestic mutual funds (MFs) and retail investors – Tata Coffee shares were a hit with the latter two.

Foreign institutional investors (FIIs), the main drivers of Indian equities, increased their stake in 45 companies and brought down their stake in 43 companies, according to data collated from the stock exchanges. The story is more or less the same for mutual funds and retail investors. MFs increased their stake in 31 companies but reduced their holding in 40 firms.

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Retail investors have increased their stake in 93 listed entities and brought it down in 88 companies. However, retail investors continue to be small players in the equity segment as only eight companies have more than 1% of retail shareholding.

FII bought shares worth $3 billion during the June quarter even as DIIs offloaded shares worth $1.2 billion (Rs 6,115 crore). This was in a quarter when the benchmark BSE Sensex rose 2.9%.

Among the companies where FIIs have brought down their holdings is United Spirits where foreign ownership has dropped by 4.63%. However, market observers are bullish about the liquor-maker after the Diageo deal. ?While FIIs have reduced their stake, there has been capital inflow after the British liquor company acquired 25% stake in the company,? said AK Prabhakar, senior vice-president, equity research, Anand Rathi Financial Services.

Other firms that saw a substantial decrease in FII holding during the quarter include Infosys (-0.97%), Hero Motocorp (-0.72%) and Asian Paints (0.06%).

Meanwhile, FIIs have only marginally increased their stakes in Indian firms in the range of 0.01 and 2.7%. Firms that have seen a substantial increase in FII holding include Adani Ports (2.7%), BGR Energy (1.76%) and GAIL India (0.55%).

Tata Coffee has been the favourite of mutual funds as well as retail investors, with mutual funds raising their holdings in the company by 4.2% and retail investors by 2.2%. According to brokerages, the stock is drawing interest from mutual funds and retail investors as the company?s profit-before-tax (PBT) numbers have seen a turnaround. ?The company?s strong earnings before interest and tax (Ebit) performance is expected to continue,? said Vishal Jajoo, senior research analyst, Nirmal Bang Securities.

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First published on: 10-07-2013 at 04:33 IST
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