Stock Ideas

2 Stocks that FIIs bought for the 1st time in 2018

The year 2018 was challenging for equities as foreign portfolio investors sold stocks worth Rs 38,000 crore. But amidst all this carnage, they bought some stocks for the first time

2 Stocks that FIIs bought for the 1st time in 2018

Foreign institutional investors (FII`s) have for long been drivers of Indian equities. They own 19.5% of the Indian equities, compared to 7.1% owned by domestic mutual funds. However, in the last one year alone, FIIs have pulled out more than Rs 38,000 crore from Indian markets, as the rupee depreciated sharply in 2018 and risk aversion set in. We thought it would be interesting to look at stocks that took the fancy of FIIs in the midst of all the turbulence. Taking this as a starting point, we tried to look out for companies that bucked this trend. And we did find companies in which FIIs acquired stakes for the very first time in 2018.


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