By Suhel Khan
Foreign Institutional Investors (FIIs) have been on a selling spree quite some time now when it comes to Indian stocks. According to Economic Times, FIIs sold Indian stocks worth over Rs 35,000 cr in early January 2025.
At such a time, a few companies have managed to grab the attention of some FIIs and not in a small way. The FII holding in these companies have seen a jump like we might have never seen.
What makes these picks even more interesting is that FIIs are often seen as sophisticated investors with access to extensive research and global market insights. Their decision to buy amidst widespread selling could signal confidence in the stock’s underlying fundamentals or potential for recovery, offering a contrarian perspective.
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Plus, such actions may indicate broader macroeconomic trends or sector-specific opportunities that retail investors might overlook.
Which makes knowing about these rare picks even more important.
Here are the companies that have done the unusual in the last quarter.
#1 Indiabulls Enterprises Ltd (IEL)
IEL is in the business of Construction equipment renting, and leasing a range of construction, infrastructure, manufacturing, and mineral handling equipment. This includes various types of machinery, and turnkey solutions to Engineering Procurement & Construction Companies.
The company was listed in December 2022 and has a current market cap of Rs 422 cr.
If we look at the FII holding for the company for the last year, here is how it looks:
FII Holding PatternDec-23Mar-24Jun-24Sep-24Dec-245.65%5.66%5.59%0.17%17.23%
As you can see, there is a huge jump in the FII holding between the quarters ending September 2024 and December 2024, respectively.
ACM Global Fund VCC, bought a 17.09% stake in the company
Now here comes the surprising part. The company’s sales have seen a drop from Rs 104 cr in FY22 to Rs 56 cr in FY24. For FY25, From April to December 2024, the sales are at 44.5 cr.
The Profit after tax (PAT) is also an area of concern as the company has yet to see a good profits. In FY22, IEL faces losses of Rs 103 cr. In FY23 however,
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