Which are the top stocks recently bought by institutional investors in India?
As per Equitymaster's Stock Screener, here is a list of the top stocks in which institutional investors (FIIs) have recently bought a stake...
- #1 LANCER CONTAINER LINES
- #2 ADVANTA.
- #3 COMPUTER AGE MANAGEMENT SERVICES
- #4 STERLING AND WILSON SOLAR
- #5 GRUH FINANCE
These companies have been ranked on the basis of highest percentage change in FII holding on a sequential basis.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
Who are foreign institutional investors (FIIs)?
Foreign institutional investors (FIIs) are investors who invest in financial markets outside their official home country. Foreign institutional investors can include pension funds, investment banks, hedge funds, and mutual funds.
FIIs need to register with the market regulator in India and invest through a registered broker.
Should you make investment decisions based on the buying and selling activity of FIIs?
Investors should not base their investment decisions solely based on the buying and selling activity of FIIs. FIIs have their own set of criteria for investing in the markets, which may not be relevant for an Indian investor.
Can FII holding in a company be higher than promoter holding?
Yes. There's no rule that prevents FII holding from being higher than the promoters holding. In fact, some Indian stocks have had FII holding in excess of 70% in the past.
Since FII activity interests you, catch the latest FII trends and track their investments in India.