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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 R3,442 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.

FIIs

Company NameFII holding (%)
Jun'14
Market cap (Rcr)
Jun'14
Ashoka Buildcon2.522346
MMTC0.169645
ISGEC Heavy Engineering0.701700
State Bank Of Mysore0.242733
Indian Metals & Ferro Alloys0.611052
EPC Industrie1.12568
IFGL Refractories0.91573
Ponni Sugars3.53138
Kitex Garments0.381089
Welspun India0.211765
Pricol0.60419
Rico Auto Industries0.81251
Data based on shareholding pattern as on June 30, 2014


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