Foreign Institutional Investors Reduce Stake in 10 Largecap Stocks from Nifty200 Index in Q4 FY24

Foreign Institutional Investors (FIIs) have been making some significant changes to their investment portfolios in the Indian market, as indicated by the latest data from StockEdge. In the fourth quarter of FY24, FIIs decreased their stake in several largecap stocks from the Nifty200 index. Let’s take a closer look at 10 such companies where FIIs reduced their shareholding:

1. HDFC Bank:
HDFC Bank witnessed a 4.5% drop in foreign institutional investors’ shareholding in Q4 FY24. The FIIs’ stake decreased to 47.83% from 52.31% in the previous quarter. This decline in FIIs’ holding could be attributed to various factors affecting the banking sector.

2. ITC:
FIIs’ shareholding in ITC declined by 2.3% in the March quarter of 2024. The FIIs’ stake fell to 40.95% from 43.26% in the previous quarter. This reduction in FIIs’ holding might reflect changing investor sentiments towards the FMCG sector.

3. IndusInd Bank:
In the case of IndusInd Bank, FIIs’ shareholding dropped by 2.2% in Q4 FY24. The FIIs’ stake decreased to 40.25% from 42.47% in the previous quarter. This shift in FIIs’ investment pattern could be influenced by the performance of the banking sector.

4. Kotak Mahindra Bank:
Kotak Mahindra Bank saw a 2.1% fall in foreign institutional investors’ shareholding in Q4 FY24. The FIIs’ stake declined to 37.59% from 39.74% in the previous quarter. This decrease in FIIs’ holding might be indicative of changing market dynamics impacting the banking industry.

5. Polycab India:
Polycab India experienced a 1.5% decline in FIIs’ shareholding in the March quarter of FY24. The foreign institutional investors’ stake decreased to 11.95% from 13.4% in the previous quarter. This reduction in FIIs’ holding could be influenced by sector-specific factors affecting the electrical equipment industry.

6. Asian Paints:
FIIs’ shareholding in Asian Paints fell by 1.4% in the March quarter of 2024. The FIIs’ stake dropped to 15.89% from 17.32% in the previous quarter. This change in FIIs’ investment strategy might reflect evolving market trends impacting the paints and coatings sector.

7. ICICI Prudential Life insurance:
ICICI Prudential Life insurance witnessed a 1.4% decrease in foreign institutional investors’ shareholding in the March quarter of FY24. The FIIs’ stake fell to 13.35% from 14.72% in the previous quarter. This shift in FIIs’ holding could be influenced by regulatory changes or industry-specific developments.

8. Eicher Motors:
Eicher Motors saw a 1.3% fall in FIIs’ shareholding in the March quarter of FY24. The foreign institutional investors’ stake decreased to 28.95% from 30.27% in the previous quarter. This decline in FIIs’ holding might be indicative of changing investor perceptions towards the automotive sector.

9. HDFC Life insurance Company:
FIIs’ shareholding in HDFC Life insurance declined by 1.3% in Q4 FY24. The FIIs’ stake fell to 30.03% from 31.29% in the previous quarter. This reduction in FIIs’ holding could be influenced by factors impacting the insurance industry.

10. Larsen & Toubro (L&T):
In Larsen & Toubro (L&T), FIIs’ shareholding declined by 1.1% in Q4 FY24. The FIIs’ stake dropped to 26.82% from 25.5% in the previous quarter. This change in FIIs’ investment pattern might reflect changing market dynamics affecting the infrastructure and engineering sector.

Overall, the decrease in FIIs’ stake in these 10 largecap stocks from the Nifty200 index highlights the evolving investment strategies of foreign institutional investors in the Indian market. It will be interesting to see how these changes impact the performance of these companies in the coming quarters.