Adani Power, ICICI Bank among 10 largecap stocks wherein FIIs decreased stake in Q3
By Navdeep Singh, ETMarkets.com |
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On Radar
A Foreign Institutional Investor (FII) is a person or company that invests in a country other than the one where it is registered or has its headquarters. According to StockEdge data, here's a list of 10 largecap stocks from the Nifty200 index wherein FIIs decreased their stake in Q3:
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Dabur India
Dabur India saw a 1.9% drop in foreign institutional investors' shareholding in Q3 FY24. The FIIs' stake declined to 16.49% in Q3 FY24 from 18.37% in Q2 FY24.
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Adani Power
The FIIs' shareholding in Adani Power declined by 1.7% in the December quarter of 2023. The FIIs' shareholding fell to 15.86% in Q3 FY24 from 17.51% in Q2 FY24.
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Tech Mahindra
FIIs' shareholding in Tech Mahindra dropped by 1.6% in the December quarter of 2023. The FIIs' shareholding fell to 24.58% in Q3 FY24 from 26.22% in Q2 FY24.
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Interglobe Aviation (IndiGo)
IndiGo saw a 1.6% fall in foreign institutional investors' shareholding in Q3 FY24. The FIIs' stake declined to 18.7% in Q3 FY24 from 20.29% in Q2 FY24.
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Power Grid Corporation Of India
Power Grid saw a 1.5% decline in FIIs' shareholding in the December quarter of FY24. The foreign institutional investors' shareholding decreased to 30.51% in Q3 FY24 from 32.01% in Q2 FY24.
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Maruti Suzuki
FIIs' shareholding in Maruti Suzuki fell by 1.3% in the December quarter of 2023. The FIIs' shareholding dropped to 20.60% in the December quarter from 21.85% in the September quarter of FY24.
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Kotak Mahindra
Kotak Mahindra saw a 1.2% decrease in foreign institutional investors' shareholding in the December quarter of FY24. The FIIs' shareholding fell to 39.74% in Q3 FY24 from 40.97% in Q2 FY24.
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Varun Beverages
Varun Beverages saw a 1% fall in FIIs' shareholding in the December quarter of FY24. The foreign institutional investors' shareholding decreased to 26.58% in Q3 FY24 from 27.55% in Q2 FY24.
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Adani Total Gas
FIIs' shareholding in Adani Total Gas declined by 0.9% in Q3 FY24. The FIIs' shareholding fell to 13.06% in Q3 FY24 from 13.94% in Q2 FY24.
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ICICI Prudential Life Insurance Company
In ICICI Prudential Life Insurance, FIIs' shareholding declined by 0.8% in Q3 FY24. The FIIs' shareholding dropped to 14.72% in Q3 FY24 from 15.5% in Q2 FY24.