New Delhi [India],
The increase in domestic institutional interest was mainly operated by Nippon India Mutual Fund and Motilal Oswal Mutual Fund.
Nippon India raised its stake by 0.4 percent to 2.8 percent, while Motilal Oswal Mutual Fund increased by 0.2 percent, reaching a 2.3 percent stake in the company.
Tourteen institutional ownership – including both domestic and foreign institutions – almost 1 percent increased to 69 percent sequentially.
The data also indicates increased activity from other domestic institutional categories. Insurance companies increased their participation, adding five new institutions and their total holdings reached 2.8 million shares.
These reflect stable institutional belief in the long -term approach of the addition company. Alternative Investment Fund (AIFS) also increased its total shareholding from 2.2 million to 2.8 million shares, with two new institutions joined the cap table.
While foreign institutional partnership saw a slight decline – a decrease in shareholding in 119 million to 115 million stocks – it is in line with a wide global market trends and portfolio rebellion seen in emerging markets.
In particular, Amansa Capital increased its shareholding by 0.9 percent, or increased 8.5 million shares. With four new entry in this category, the total number of FPI institutions continued to increase.
On the non-institutional front, retail investors trimmed their positions marginally, which is not uncommon during the period of market instability.
Retail shareholding (less than) 2 lakh) reduced from 11 percent to 10.4 percent, while high-ticket retail (above) 2 lakh) saw a slight decline from 2.9 percent to 2.6 percent. Director Holdings remained stable at 9.3 percent. (AI)