A useful way to assess a company’s management and future prospects is to look at its shareholder structure. There are many companies with high FII holdings in India. Even though it’s not required, it’s generally viewed as positive for a company when foreign institutional investors (FIIs) grow their ownership share.
This is due to the fact that these FIIs have access to the most extensive internal data, a team of experts that are highly competent and knowledgeable about every aspect of the business, high-end data sources, and other resources. Therefore, it is assumed that if they grow their investment in a firm, they would have performed the most involved and exhaustive type of research, which is beyond the scope of the typical retail investor. Let us see the top 10 companies with high FII holdings in India in 2023.
FII holdings in the oil-to-telecom conglomerate stood at Rs 4.14 lakh crore at the end of the third quarter of 2017. This is true despite the fact that FIIs sold 2.5 billion shares of RIL during the quarter, valued at roughly Rs 6,400 crore. It still stands at one of the top companies with high FII holdings in India.
FIIs held a total of Rs 3.53 lakh crore in the largest private sector lender as of the third quarter of 2018. The company experienced the greatest growth in FII holdings in terms of value during the previous quarter, at Rs 17,907 crore. FIIs owned 44.67% of the lender as of the third quarter of 2018.
As of September 30, FII investments in the second-largest private lender in the nation totalled Rs 3.26 lakh crore. The most money was invested in the company by FIIs during the September quarter, totalling Rs 7,615 crore. It stands as one of the companies with high FII holdings in India.
At the end of the second quarter, FII holdings in the housing financier totalled Rs 2.81 lakh crore. The stock has underperformed, dropping up to 9% over the past year. The company’s net income has increased at a 5-year CAGR of 15.38%, and in FY22 it reached an all-time high of INR 22,594.69 crores.
Infosys is one of the companies with high FII holdings in India. FII had shares in the large IT company worth Rs. 2.66 lakh crore as of September’s end. The greatest selling by FIIs of the stock, estimated at Rs 7,818 crore, occurred in Q2.
As of the end of September, FII owned shares in the Mumbai-based private sector lender worth Rs. 1.46 lakh crore. Again, during the quarter, FIIs sold a significant amount of this counter—to the tune of Rs 4,643 crore.
FII had shares in the software company worth Rs. 1.43 lakh crore as of September 30. The biggest FII sale during the quarter was recorded by TCS at Rs 5,187 crore, followed by Infosys and RIL.
The FII share in the top lender was worth Rs 1.06 lakh crore as of September’s end. With a market capitalization of INR 2,54,963 crores, AXIS Bank Ltd (NS:AXBK) offers a variety of corporate and retail banking services. Despite a meagre 10.4% increase in net revenue during the same period, the bank’s profit in FY22 virtually doubled to INR 14,119.29 crores from INR 7,195.5 crores.
The next company on the list is Apollo Hospitals Enterprises Ltd. (NS:APLH). With a market valuation of INR 63,103 crores, it is a well-known hospital network. Although sales increased at a 15.48% CAGR over the past five years, net income increased at more than twice as fast 36.72% CAGR, which is no less than outstanding. It is one of the companies with high FII holdings in India.
However, valuations are a little high; the P/E ratio is 59.78, which is higher than the sector average of 35.85. Regarding FII holdings, as of September 2022, they owned 49.09% of the company.
Bharti Airtel’s market capitalization as of January 2023 is $57.49 billion. By market cap, this places Bharti Airtel as the 252nd most valuable company in the world. Market capitalization, often known as market cap, is a commonly used metric to determine how much a company is worth. It represents the total market value of all outstanding shares of a publicly listed company.
FII holdings in the biggest telecom company as of the quarter ended September were Rs. 1.04 lakh crore. Definitely on the list of top 10 companies with high FII holdings in India.