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Despite multiple measures by the Government of India and the RBI, Foreign Institutional Investors (FIIs) have continued to reduce their holdings in Indian equities. The ongoing selling trend has resulted in significant outflows from the cash market, reflecting cautious investor sentiment.However, despite this broad-based selling, FIIs have selectively increased their stakes in certain companies, showing confidence in certain sectors. Domestic brokerage firm Kotak Institutional Equities has compiled a list of companies where FIIs continued to add their positions through the quarter ended December 2024:
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Overvaluation, especially in mid and small caps, and weak corporate earnings have weighed on sentiment. A slowdown in rural and urban consumption, along with tightening credit, has added to the pressure.
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Rail Vikas Nigam Ltd (RVNL) has secured a Rs 135.66-crore contract from Central Railway for the Bhusaval-Khandwa section. The project, aiming to enhance railway freight capacity within 24 months, involves the design, supply, and commissioning of 132/55 KV traction substations and posts. RVNL shares saw a recent decline despite significant historical gains.
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News and Media
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