Which are the top stocks recently sold by foreign institutional investors in India?
As per Equitymaster's Stock Screener, here is a list of the top stocks where foreign institutional investors (FIIs) have recently sold their stake...
- #1 IRB INFRA
- #2 KIRI INDUSTRIES
- #3 COX & KINGS FINANCIAL SERVICES
- #4 DIGIDRIVE DISTRIBUTORS
- #5 TOURISM FINA
These companies have been ranked based on the 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?
There is no consistent trend of dividends across the pharma industry, with different companies having different dividend policies.
For more details, check out the top pharma stocks offering high dividend yields.