In the quarter ending March, India had been a good hunting ground for the foreign investor community which largely invested in sectors like IT, FMCG and private banks . As many stocks in these sectors have now either become expensive or have reached closer to the prescribed FII holdings limit, question arises where will this community turn to now?
A recent Axis Direct report has shortlisted nine Nifty stocks based on criteria like float >USD 3 billion, trading volume >USD15m, headroom for FII limit >5 percent, and not in the top quartile of historical valuations. While six of these are private sector companies, 3 are in the public sector.
Of the above names, FIIs already hold record high position in NTPC and Mahindra and Mahindra .
A recent Axis Direct report has shortlisted nine Nifty stocks based on criteria like float >USD 3 billion, trading volume >USD15m, headroom for FII limit >5 percent, and not in the top quartile of historical valuations. While six of these are private sector companies, 3 are in the public sector.
Of the above names, FIIs already hold record high position in NTPC and Mahindra and Mahindra .
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