INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Promoter shareholding in Nifty50 companies declined 0.71 per cent in March quarter, showed a report
The promoter holding in the index stood at 44.1 per cent in December quarter, which came down to 43.4 per cent in January-March.
However,
The report showed that FIIs raised stake by 0.46 per cent to 26.5 per cent in March quarter against 26 per cent in December quarter.
Top
five companies that saw an increase in promoter shareholding included Tata Steel (up 1.74 per cent), SBI (1.41 per cent), Adani Ports (0.51
per cent), Infosys (0.14 per cent) and Mahindra Mahindra (0.10 per cent)
On the other hand, the promoters of TCS, Zee Entertainment, Axis Bank, Tata Motors and UPL cut their holding by 1.66 per cent, 1.45 per
cent, 0.44 per cent, 0.21 per cent and 0.14 per cent, respectively as on March.
Top five stocks where mutual fund houses increased their
holdings are Hindalco (up 2.46 per cent), Power Grid (2.17 per cent), BPCL (1.50 per cent), Indiabulls Housing (1.31 per cent) and Zee
Bank.
Foreign investors increased holdings in IndusInd Bank, LT, Axis Bank, Grasim and Tata Steel by 2.13 per cent, 1.9 per cent, 1.84 per
cent, 1.5 per cent and 1.39 per cent, respectively.
This apart, insurance companies raised their holdings in YES Bank, Power Grid, Asian
Paints, Indiabulls Housing and Coal India by 1.94 per cent, 1.49 per cent, 1.26 per cent, 0.91 per cent 0.66 per cent, respectively.
On the
contrary, insurance companies decreased their holdings on Tata Steel, Cipla, HDFC, SBI and Infosys by 2.25 per cent, 1.09 per cent, 0.8 per
cent, 0.65 per cent and 0.61 per cent on QoQ basis.
