Mumbai: Foreign investors have been bearish on Indian equities since October, but that has not stopped them from continuing to mop up select stocks. Nearly 30 stocks- large mid-caps witnessed overseas fund managers raise their holdings for the fourth straight quarter in January-March.
CSB Bank, Azad Engineering, Transformers and Rectifiers India (TRIL), Marksans Pharma, Paradeep Phosphates, Paras Defence, Endurance Technologies, Parsvnath Developers, and Thermax are among the stocks that have managed to attract sustained interest from overseas investors, defying the broader bearish sentiment in Indian equities. The data highlighted a key shift in FPI behaviour in the Indian market - from being buyers across the board to being stock pickers.
Foreign investors have been net sellers in Indian equities since October, offloading shares worth over ₹3.07 lakh crore. For the full fiscal year, total FPI outflows stood at ₹1.25 lakh crore. Benchmark indices posted modest gains, with the Nifty rising 4.7%, and Nifty Midcap and Nifty Smallcap indices climbing 5.73% and 2.32%, respectively, thanks to relentless purchases by domestic institutional investors, mostly mutual funds fuelled by unabated flows from retail investors.
Fairfax-backed CSB Bank saw FPI holdings rise by 800 basis points to 13.07% in FY25. Amansa Holdings and Ashoka Whiteoak India Opportunities Fund were the top buyers.
CSB Bank, Azad Engineering, Transformers and Rectifiers India (TRIL), Marksans Pharma, Paradeep Phosphates, Paras Defence, Endurance Technologies, Parsvnath Developers, and Thermax are among the stocks that have managed to attract sustained interest from overseas investors, defying the broader bearish sentiment in Indian equities. The data highlighted a key shift in FPI behaviour in the Indian market - from being buyers across the board to being stock pickers.
Foreign investors have been net sellers in Indian equities since October, offloading shares worth over ₹3.07 lakh crore. For the full fiscal year, total FPI outflows stood at ₹1.25 lakh crore. Benchmark indices posted modest gains, with the Nifty rising 4.7%, and Nifty Midcap and Nifty Smallcap indices climbing 5.73% and 2.32%, respectively, thanks to relentless purchases by domestic institutional investors, mostly mutual funds fuelled by unabated flows from retail investors.
Fairfax-backed CSB Bank saw FPI holdings rise by 800 basis points to 13.07% in FY25. Amansa Holdings and Ashoka Whiteoak India Opportunities Fund were the top buyers.
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