FIIs up stake in BHEL, GAIL; reduce in Infy, HDFC

Foreign Institutional Investors (FIIs)increased their holding in BHEL and GAIL and lowered the exposure to private sector firms such as Infosys and HDFC in the June quarter.

FIIs bought over 56 lakh BHEL shares in June quarter for an estimated Rs 100 crore, taking their total holding in the PSU power gearmaker to 14.98 per cent, their highest level since March 2012.

In GAIL,  they purchased nearly 70 lakh shares, worth about Rs 220 crore, increasing their stake to 16.34 per cent, highest in 6 years.

As per the latest shareholding pattern, FIIs have pared down holdings in firms like Infosys and HDFC. Infosys saw FII stake falling to 39.55 per cent at the end of June quarter, from 40.52 per cent in the March quarter.

In HDFC, FIIs marginally pared their stake to 73.64 per cent, from  73.67 per cent in March quarter.

The shareholding data of Domestic Institutional Investors (DIIs) mostly present a stance opposite to the one adopted by the FIIs.

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