Key Points
Mumbai: Overseas fund managers have consistently increased their stakes in about 40 mid-cap stocks in each of the last four quarters, even as they have been net sellers of Indian equities worth over 26,000 crore during this period...
For instance, the FPI holding in construction firm NCC has increased from 8.89% in March 2022 to 19.96% in March 2023..
According to Bloomberg analyst consensus estimates, the stock can yield nearly 15% in a year...
Analysts said foreign fund managers have been cutting exposure to India because of expensive valuations compared to the region but they are continuing to raise exposure to select potential winners...
ET has compiled a list of 15 such stocks where foreign institutions have raised their stake consistently for the past four quarters..
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