Top 6 stocks showing substantial decline in FII holdings
The inflow of foreign investor funds is crucial for the growth of the Indian equity market. India is one of the most coveted investment destination for Foreign Institutional Investors (FIIs).
In May 2019, FIIs invested a whopping US$ 147.88 million shares. However, the same is not true for all Indian companies.
The stocks that exhibited the most decline in FII holdings over the last four quarters include:
This could be attributable to the uncertain environment for emerging market assets, which is being escalated further on account of the US-China trade tension. Most FIIs are withdrawing from EM funds. Since India constitutes 9 per cent of the EM Index, the shares in that space are being sold.
However, with the uncertainty around elections now out of the way and a stable government in place, FIIs may be inclined to invest more in Indian equities.