Wednesday, 16 August 2017

350 stocks seeing strong FPI interest ; Up to 550% return in 1 year

With strong fundamentals as well as strong growth visibility for the domestic economy, foreign portfolio investors (FPI) continued to be upbeat on the domestic capital market for the second consecutive financial year. 

They increased stake in 350 companies during June quarter compared with that in March quarter. Some of these stocks have surged up to 550 per cent in last one year. 

Starting with top gainers, shares of Indiabulls Ventures have risen 546 % to Rs 190.90 on July 31, 2017 from Rs 29.55 on July 29, 2016. FPIs increased stake in the company to 13.41 % as of June 30, 2017 from 1.50 % as of March 31, 2017. 

Jindal Worldwide is another stock that is seeing a lot of FPI interest. Foreign portfolio investors held 0.02 % stake in the company at the end of June quarter against zero holding at the end of March quarter. Shares of Jindal Worldwide have risen 373 % in last one year till July 31, 2017 .

Net FPI inflow to Indian equities, which stood at Rs 48,411 crore in 2016-17, has already exceeded Rs 1 lakh crore this financial year. With robust inflows, equity benchmarks Sensex and Nifty have surged to record highs. 

Nifty recently surpassed the 10,000-mark for the first time since its inception two decades ago while the Sensex breached the 32,500 mark, a lifetime high.

Some of the midcap and smallcap stocks that gained favour from FPIs during the quarter included Minda Industries, Indian Metals, Caplin Point Labs, Avanti Feeds, Nocil, Future Lifestyle, JP Associates, Rane Holdings, Sterlite Technologies, PNB Gilts, National Fertilizer, Siyaram Silk and MRF. 

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