INSUBCONTINENT EXCLUSIVE:
has hit record high.
FIIs are liberally putting in money in these stocks quarter after quarter, showing their strong biases towards them
even as they turn their back on the broader market.
Healthcare businesses such as Bliss GVS Pharma, HealthCare Global Enterprises and
Thyrocare Technologies, realty player Delta Corp, midcap IT firm NIIT Tech, artificial leather manufacturer Mayur Uniquoter, leisure stock
Cox Kings and retailer of home improvement and building products Shankara Building Products are a few names in a long list of FII
favourites.
Many of these companies are on a strong footing
Data showed FII holding in NIIT Technologies has hit the 40 per cent mark for the first time ever
They held 40.72 per cent as of March 31 while promoters held just 30.67 per cent
New CEO Sudhir Singh joined the company in January 2018
Analysts noted that the IT firm has shown solid acceleration in growth momentum over the past three quarters and has given guidance for
double-digit dollar revenue growth in FY19E.
NIIT Tech trades at 14 times FY20E EPS against 18.5 times of CY19E for Hexaware and 18 times of
In Cox Kings, FII holding hit a fresh high of 38.93 per cent in March quarter, breaking a three-year-old record of 36.45 per cent in March
The company has strong presence across segments such as global leisure and education tourism in Europe
a better play in the travel tourism space
Its Meininger Hotels vertical and domestic leisure travel business have maintained strong revenue growth momentum, while the international
FIIs held 15.8 per cent stake in the company at the end of March quarter against 14.29 per cent they held at the end of June quarter of
2015, Capitaline data showed.
Domestic auto OEMs and auto replacement businesses have been gaining good traction over the past few quarters,
percentage points surge in FII holding at 35.57 per cent at the end of March quarter compared with 15.63 per cent reported for the year-ago
HCG has improved gross margins by 700 bps over the last five years, mainly on better realisations and higher share of radiation therapy,
Edelweiss Securities said
However, other expenses and clinician/personnel costs have increased at a much faster rate and, as a result, Ebitda margins have remained
steady at 15 per cent, it said
per cent at the end of December quarter and 11.41 per cent in the year-ago quarter
Brokerage Motilal Oswal Securities is positive on the stock.
Among others, Shankara Building Products (at 14.69 per cent), Prabhat Dairy
(at7.55 per cent), Rushil Decor (14.22 per cent), Thyrocare (9.73 per cent) , Bliss GVS Pharma (10.84 per cent) and TV Today Network (12 per
cent) and Vishal Fabrics (16 per cent) are some other smallcap stocks where FII holding has hit record high levels.
Foreign investors
infused Rs 26,000 crore into domestic equities in FY18, which was much lower than Rs 55,700 crore invested in FY17, thanks to a slow pickup
in earnings, rich valuations and strong show by developed markets on hope of faster-than-expected rate hike by the US Federal Reserve.
