Companies that have Attracted Institutions

When the markets go up continuously, as has been the case in recent months, it tends to find investments into several companies that are normally left from the investment purview. Literally, these new kids on the block has seen both FII and MFs invest in them. This comes after 8 straight months of redemptions by mutual funds. In May and June, mutual funds invested ₹3,442 crore, with a lot of it going into first time companies. With the shareholding pattern as on June 30, 2014 are now available, we checked for those who gained from this inflow to find for the first time mutual funds and FIIs investing them. In all there are 64 companies that for the first time found money from MFs and FIIs, in the accompanying table we share an indicative list of companies. MFs Company NameMF holding (%) Mar'14MF holding (%) Jun'14Market cap (₹cr) Jun'14Edelweiss Financial Services-1.554883J Kumar Infraproject-4.58875Advanta-1.32362Aegis Logistics-3.04806Orient Refractories-1.891076Thomas Cook-0.593005Transport Corporation Of India-1.181346Welspun Corp-0.662294Dredging Corporation Of India-1.161268Atul Auto-2.21583Magma Fincorp-0.661919IVRCL-1.34815Century Plyboards-0.451841Ricoh India-1.26526Panacea Biotec-0.571156Transformers & Rectifiers-2.28274Sasken Communication Technologies-1.32471 FIIs Company NameFII holding (%) Mar'14FII holding (%) Jun'14Market cap (₹cr) Jun'14Ashoka Buildcon-2.522346MMTC-0.169645ISGEC Heavy Engineering-0.71700State Bank Of Mysore-0.242733Indian Metals & Ferro Alloys-0.611052EPC Industrie-1.12568IFGL Refractories