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Mint
12 minutes ago
- Mint
FPI Heatmap: Financials, IT, Oil & Gas see sharpest sell-off in August; Telecom, Construction attract inflows
Foreign portfolio investors (FPIs) extended their selling spree in the Indian stock market through August 2025, intensifying the outflow trend that resumed in July. As of August 20, FPIs have offloaded Indian equities worth ₹ 21,180 crore, following net selling of ₹ 17,741 crore in July. Cumulatively, FPIs have withdrawn ₹ 1,16,822 crore from Indian equities so far in 2025, underscoring sustained caution amid global and domestic headwinds. The sharp FPI outflows are being attributed to escalating US–India trade tensions after President Donald Trump imposed a 50% tariffs on Indian goods. However, India's recent S&P credit rating upgrade, the prospect of trade negotiations in the coming weeks and the proposed GST reforms may help ease investor concerns. According to NSDL data, FPIs sold Indian stocks worth ₹ 20,976 crore in just the first fortnight of August, with the bulk of the outflows concentrated in Financial Services, IT, and Oil & Gas, while select sectors such as Telecom and Construction attracted inflows. Financial Services bore the sharpest brunt of FPI selling, with net outflows of ₹ 13,471 crore in the first fortnight of August. It was followed by the Information Technology (IT) sector which recorded outflows of ₹ 6,380 crore, extending July's trend of heavy selling. Oil & Gas witnessed net selling of ₹ 4,091 crore. Power stocks saw FPI outflows of ₹ 2,358 crore, while Healthcare recorded selling worth ₹ 2,095 crore. Defensive sectors such as FMCG ( ₹ 1,150 crore outflow), Consumer Durables ( ₹ 1,133 crore outflow), and Realty ( ₹ 1,211 crore outflow) also witnessed selling, reflecting broad-based FPI caution across consumption-oriented themes. Telecom emerged as the standout sector during August 1 to 15, attracting ₹ 7,446 crore in net inflows. Strong earnings visibility, 5G rollout momentum, and balance sheet deleveraging appear to have drawn foreign investor interest. The Construction ( ₹ 1,378 crore inflows) and Construction Materials ( ₹ 1,690 crore inflows) sectors attracted healthy FPI buying, reflecting optimism around government-led infrastructure spending and housing demand. Capital Goods stocks saw inflows of ₹ 1,132 crore, while Metals & Mining sector recorded inflows worth ₹ 606 crore, and Chemicals sector also witnessed positive inflows worth ₹ 410 crore. The August data underscores a sharp divergence in FPI flows—while large-cap heavyweights like Financial Services, IT, and Oil & Gas faced aggressive selling, select cyclicals such as Telecom, Capital Goods, and Construction attracted fresh money. This indicates a sectoral rotation strategy, with FPIs trimming positions in over-owned, high-valuation sectors and selectively adding exposure to areas with structural growth potential. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
an hour ago
- Hans India
India's S Jaishankar Calls on Russian Companies for Stronger Business Engagement
India Russia trade news: In the midst of the US imposition of 50 percent Trump tariffs India the Minister of External Affairs S Jaishankar Russia ties trade as well as urging India Russia business to interact "more intensively" with their Indian counterparts. In announcing India's rapid growth in its economy and initiatives such as "Make in India which have opened new doors for foreign companies Mr. Jaishankar declared that these factors are an opportunity to Russian firms to get involved more. The Indian economy has crossed USD 4 trillion and is expected to grow at a rate of approximately 7% per year over the coming years. As such, the country requires reliable sources of critical imports such as fertilizers, chemicals, and equipment. 'India's growing infrastructure is also creating new opportunities for international businesses with a proven track record,' said Mr. Jaishankar. 'As part of its initiatives such as 'Make in India,' India is forging new paths in India foreign relations.. As a modernizing and urbanizing country, its new consumption and lifestyle patterns are creating new demands. Officials said that this has also opened up a new window of opportunity for Russian businesses to strengthen their ties with Indian partners and asked them to leverage it.' In announcing the fact that Russian companies in India have maintained one of the strongest relations between major nations In his speech, Jaishankar demanded greater "strenuous efforts" to diversify and improve trade between the two nations. "India as well as Russia have maintained one of the longest-running relations between nations in recent times. It is now recognized by the world. But, this was not necessarily translated into a significant exchange among US tariffs impact India.
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Business Standard
2 hours ago
- Business Standard
Hexaware Tech shares rise 4%; Nuvama initiates 'Buy' sees 22% upside
Hexaware Technologies shares climbed 3.8 per cent on Thursday, August 21, 2025, on the BSE, logging an intra-day high at ₹804 per share. The buying on the counter came after Nuvama Institutional Equities in its report noted that the company is in a sweet spot of growth and value. At 10:38 AM, Hexaware Technologies shares were trading 3.19 per cent higher at ₹798.85 per share. In comparison, BSE Sensex was up 0.41 per cent at 82,193.14. Nuvama Institutional Equities initiates coverage on Hexaware Technologies The domestic brokerage initiated coverage with a 'Buy' call, keeping the target at ₹950 per share, valuing the stock at 30x CY27E PE. The target price implies 22 per cent upside from the previous close at ₹774.15 per share. In its note, Nuvama said that Hexaware Technologies is in a sweet spot today with a revenue base of $1.4 billion and an employee base of 32,000, leaving ample space for growth while, at the same time, not allowing the large base to drag growth. Its bigger size today ($1–5 billion zone) enables it to chase the bulk of large deals, providing the best-of-both-world benefits. The brokerage estimates an 11 per cent USD compound annual growth rate (CAGR) over the next three years. Further, diversified vertical presence, improving client mix, and margin tailwinds have strengthened the company's investment appeal following a recent share price correction, according to Nuvama. The company maintains a multi-pronged footprint across large traditional sectors such as banking, financial services and insurance (BFSI) and manufacturing, alongside a right-to-win in niche verticals including professional services and hi-tech, according to Nuvama's report. It also reports a growing presence in travel and healthcare, positioning it to benefit from cyclical upswings in legacy industries while capturing incremental demand in faster-growing segments. On the financial front, the company is believed to have a robust margin profile akin to mid-cap peers. It has historically posted Earnings before interest, tax, depreciation and amortisation (Ebitda) margins in the 15–16 per cent range—except in the last three years due to exceptional items. Going forward, Nuvama expects exceptional items to reduce and the adjusted Ebitda margin shall rise 50 basis points (bps) in CY25 and another 50 bps over the next two years to 17.4 per cent in CY27. All along, it is likely to maintain a stable cash flow profile with OCF/Ebitda of about 84 per cent—outpacing peers On the valuation front, following a pullback after softer Q2CY25 results and commentary, Hexaware looks attractive relative to two prevailing market buckets: high-growth but expensive names (such as Coforge and Persistent) and lower-growth but inexpensive top-tier IT stocks, according to analysts. With macro conditions expected to improve, they believe the current market price offers an opportunity to own a quality franchise at a discounted multiple.
