Rs 45,000 crore-bet! YES Bank among top 9 FII stock picks in Q3. What should investors do?

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NEW DELHI: Foreign Institutional investors, or FIIs, are believed to have spent around Rs 44,700 crores in 9 stocks during December quarter. The Shopping list is dominated By Bank stocks -, and YES Bank.

During In the third quarter, FIIs more than doubled their shares in YES retail-favourite YES. Bank From 12.15% to 22.24% Calculations PRIME DatabaseMultiply the difference by September And December Shareholding as measured by the average closing prices during the quarter indicates that the net purchase in bank stock was of Rs 6,341 crore.

The Biggest bet: Axis Bank, which rose 27% during December quarter. The Estimated net purchase at Rs 9,561 crore. ICICI investment by FII Bank It was estimated that it cost approximately Rs 8,495 crore.

Other LTIMindtree (a leading bet) is one of the top choicesRs 6,081 crore), L&T (Rs HCL, 3,238 crore Tech (Rs 3,164 crore),

(Rs 3,015 crore), (Rs 2,670 crore)Rs 2,135 crore).

In The case of PB FintechThe FII holdings increased from 37.11% up to 47.99% during Q3. The New-age stock has been disappointing for investors, with a drop of around 41% in the past one year. In the last few days, however, there has been some improvement.

During The quarter saw FIIs double their bets

It has risen by 94% in the last year. The bank’s FII holdings increased from 7.82% up to 14.88% during Q3.

Other The following stocks saw a sequential increase in FII ownership:,.,., PVR, and.Selling FII
In the 1st quarter of 2018, FII holding declined in 692 businesses and increased in 639 NSE-listed companies.

Foreign Investors were seen buying stakes in Infosys,

, , Paytm,, TCS NDTV and.

FII holdings in Paytm The data shows that the Q2 Q2 decrease was 77.26% to 72.80% in Q3, which is a drop of 7.86%.

What What should investors do next?

During The quarter ended with FIIs pulling out Rs 3,162 crore from consumer durables and oil, gas & consumable fuels sector during the quarter while investing Rs 19,391 crore in financial services & FMCG.

Last Month in review: FIIs saw a decrease in their stakes at banks and financials as well as oil and natural gas and consumer durables. MetalsConstruction and auto saw some purchases.

Following Nirmala Sitharaman’s Budget Analysts advise investors to focus on three themes: capex, credit growth, and consumption, according to announcements. Global Brokerage firm Jefferies Just added Bajaj Finance And

Finance to its model portfolio and also raised bets on L&T and RIL.

Domestic Brokerage firm is over-invested in auto, financials, banks, and speciality chemicals, as well as telecom stocks.

“We believe the outperformance of the value stocks is likely to continue in H1CY23 and would be led by a pickup in the credit growth as well as a recovery in the domestic-cyclical stocks, which would be in line with the pickup in the domestic economy,” Axis Analyst Neeraj Chadawar.

(Disclaimer: RecommendationsThe opinions, suggestions, and views of the experts are entirely theirs. These These views do not reflect the views of The Economic Times)

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