Retail investors, who hold a nominal share capital of up to R1 lakh in a company, have cut their stake in 53 of 74 BSE 100 companies in the March quarter. In sharp contrast to FIIs, who have raised their stake on hopes of an economic revival, retail investors have trimmed their holdings. Retail money has moved out of names like Cummins India (-0.21 ppt), ABB (-0.17 ppt), Bhel (-0.24 ppt), Crompton Greaves (-0.28 ppt), Siemens (-0.66 ppt) and Larsen & Tourbo (-0.66 ppt). Among the companies that have so far released their shareholding data, Ashok Leyland’s retail holding has slipped the most; from 11.38% in December quarter to 10.6% in March quarter.
Other companies that have seen erosion of retail holding include HDIL (-0.49 ppt), SBI (-0.46 ppt),
HPCL (-0.41 ppt), Glenmark Pharma (-0.37 ppt), Hindalco Industries (-0.34 ppt) and IndusInd Bank (-0.28 ppt).