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Data Jul 16, 2012

Chart: FIIs increase stake in 32 cos in June quarter

By Sanjit Oberai

As many as 32 companies have seen an increase in foreign institutional investor holding in April-June, data on stock exchanges showed. Among Sensex companies, only HDFC, HDFC Bank and Tata Consultancy Services have seen a rise in FII interest (see table for the complete list). All the three have reported a healthy set of numbers for the quarter as well.

However, the company which reported the biggest jump in FII holding was Sicagen India as its foreign holding increased to 12.41 percent from 2.36 percent in the June 2011 quarter, an increase of 10.05 percent. Davos International Fund (3.9 percent) and Passage to India Master Fund (4.85 percent) are among prominent shareholders of the company.

AFP

According to the annual report, Sicagen India has a wide range of business like the trading of building materials like precision tubes, seamless tubes, it also has the dealership of commercial vehicles for Tata Motors in Chennai etc.

However, for the financial year ended March 2012, its net profit declined by 20 percent to Rs19.5 crore on the back of a 18.8 percent rise in sales to Rs937.25 crore.

This was also reflected in its stock performance which has fallen by 23 percent in the last one year.

Voltamp and Zee News have also seen an 8-10 percent increase in foreign share holding in the last four quarters. Readers can use the chart below by clicking on the tab above the headline to see the change in FII holding of individual companies.

by Sanjit Oberai

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