Domestic investors have offloaded their stake in listed companies in the September 2012 quarter, while foreign institutional investors (FIIs) churn positions aggressively—by buying and selling stake—in the same period, according to media reports.
The analysis showed that have reduced their stake in listed companies than increasing it. On a quarter-on-quarter basis, 130 companies recorded mutual funds reducing their stake and in 144 companies small investors reduced their holding, the reports added.
Only 83 companies reported an increase in mutual funds’ holding and 97 companies witnessed a stake-hike from small investors. FIIs have reduced stake in Sintex Industries, JSW Holdings and ABG Shipyard, and increased their holdings in Cairn India, HDFC and SKS Microfinance, the reports further highlighted.
On a year-on-year basis, mutual funds reduced their stake in about 126 companies and small investors reduced their holding in about 150 companies, according to the September 2012 shareholding data available with the stock exchanges. Domestic institutions increased their holding in only 87 companies and small investors increased their stake in 94 companies, the reports concluded.