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Companies that have Attracted Institutions

The rising markets have witnessed many companies becoming first time investments by mutual funds and FIIs

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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'14
Edelweiss Financial Services-1.554883
J Kumar Infraproject-4.58875
Advanta-1.32362
Aegis Logistics-3.04806
Orient Refractories-1.891076
Thomas Cook-0.593005
Transport Corporation Of India-1.181346
Welspun Corp-0.662294
Dredging Corporation Of India-1.161268
Atul Auto-2.21583
Magma Fincorp-0.661919
IVRCL-1.34815
Century Plyboards-0.451841
Ricoh India-1.26526
Panacea Biotec-0.571156
Transformers & Rectifiers-2.28274
Sasken Communication Technologies-1.32471

FIIs

Company NameFII holding (%) Mar'14FII holding (%) Jun'14Market cap (₹cr) Jun'14
Ashoka Buildcon-2.522346
MMTC-0.169645
ISGEC Heavy Engineering-0.71700
State Bank Of Mysore-0.242733
Indian Metals & Ferro Alloys-0.611052
EPC Industrie-1.12568
IFGL Refractories-0.91573
Ponni Sugars-3.53138
Kitex Garments-0.381089
Welspun India-0.211765
Pricol-0.6419
Rico Auto Industries-0.81251
Data based on shareholding pattern as on June 30, 2014