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Mint
5 days ago
- Business
- Mint
Eternal, Axis Bank to Trent — FIIs and DIIs raised stakes in THESE Nifty 50 stocks in June. Do you own any?
Indian stock market: Indian equity markets witnessed a strong rebound in the first quarter of FY26, bouncing back from their March 2025 lows, even as they faced several challenges during the period. According to Motilal Oswal's India Strategy report, Domestic Institutional Investors (DIIs) invested $19.7 billion into Indian equities, while Foreign Institutional Investors (FIIs) added $5.4 billion during the first quarter of 2025. ' Sustained retail participation and record monthly SIP flows of over USD3b have propelled domestic institutional ownership to new highs. This structural shift in institutional ownership, which has gained momentum since 2021, continues to strengthen as DII holdings reach new peaks and surpass FII holdings in Nifty 500 companies,' the report said. DII holdings in the Nifty-500 increased by 170 basis points year-on-year (YoY) and 20 basis points quarter-on-quarter (QoQ) to reach 19.4 per cent. In contrast, FII ownership was unchanged at 18.8 per cent, showing a 20 basis point decline YoY and remaining flat QoQ, as per the MOFSL report. Meanwhile, FII stake in the Nifty 50 fell by 30 basis points YoY but rose by 20 basis points QoQ to 24.9 per cent in June 2025. In contrast, DIIs share climbed further, reaching a record high of 23.9 per cent, up 210 basis points YoY and 30 basis points QoQ. ' On a YoY basis, DIIs raised their stakes in 44 Nifty-50 companies, while FIIs reduced their stakes in 40 Nifty-50 companies. On a QoQ basis, DIIs raised their stakes in 34 Nifty-50 companies, while FIIs reduced their stakes in 28 Nifty-50 companies,' the report added. DIIs raised their stake in Asian Paints by 5.5% in June, reflecting optimism that the industry is on the path to recovery and competitive pressures have eased. In June, DIIs raised their stake in Zomato by 2.9%, bringing their total holding to 30.9%, while FIIs continue to hold a 44.3% share in the company. The pharma company saw DIIs raising their stake by 4.3% YoY and 1.1% QoQ. Meanwhile, FIIs reduced their stake by 2.5%. The two- and three-wheeler maker, which has fallen considerably from its all-time high, witnessed DIIs raise their holdings by 1.1% to 12.1%, while foreign investors reduced their stake in June. Tata Group's Trent saw DIIs increased their holding by 1.3% in June, taking it to 18.5%. By the end of the June quarter, foreign institutional investors (FIIs) held a nearly identical stake of 18.4%. NTPC, the sole state-run firm on the list, witnessed a 1.7% rise in holdings by domestic institutions, while foreign institutions trimmed their stake in the PSU by nearly the same margin. While foreign institutions hold the majority stake in the non-bank lender, domestic investors also showed greater interest, raising their shareholding by 1% to 16.3%. In June, domestic institutions raised their stake in Tata Group company Tata Steel by 1.6% to 26.3%, while foreign institutions reduced their holdings in the same quarter. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
17-07-2025
- Business
- Business Standard
PL Capital bets on domestic demand revival, sees 6.5% upside for Nifty
Domestic-facing sectors are likely to lead market gains in the near term as demand rebounds, according to analysts at PL Capital, who expect the benchmark Nifty50 index to rise another 6.5 per cent over the next 12 months. Indian markets have shown a lot of resilience in the past few months despite big events, and seem to have learnt to live with global volatility and adverse geopolitical news flows, the brokerage said in an India Strategy report. On the domestic front, it said that the first quarter (Q1-FY26) has seen the front-end of government capital expenditure with a growth of 61 per cent and 39 per cent in April and May. "There is a momentum in ordering and a significant pick up in defence expenditure." Further monetary easing by the Reserve Bank of India (RBI) will help improve the liquidity in the system and improve credit growth, it said. Given that, all eyes rest on the revival of consumption demand, analysts said, favouring stocks in these sectors. Additionally, normal monsoons, multi-year low food inflation, and benefits of tax cuts in the FY26 budget could also boost domestic demand. India Inc. in Q1 has shown a mixed trend, but the upcoming festival season and spatial distribution of monsoons hold the key to broad-based demand revival, PL Capital noted. The brokerage set a 12-month target of 26,889 (6.7 per cent upside), up from 25,521 earlier, adding that sectors such as pharmaceuticals, select consumer staples, banks, capital goods, defence, and power are expected to outperform in the near term. In a bull case scenario, the Nifty is expected to move up to 28,957 levels. Earnings outlook PL Capital notes that the earnings outlook remains uncertain, with its Nifty EPS estimates for FY26 and FY27 cut by 7.3 per cent and 6.15 per cent, respectively. Consensus cuts are even steeper at 8.9 and 7.5 per cent, it noted. Despite this, the Nifty has risen just 0.8 per cent since the EPS downgrade began in October 2024. Sectors like building materials, durables, pharma, and travel are expected to report margin declines, while cement, metals, oil & gas, EMS, and telecom should see sharp expansions, the note said. Urban demand remains sluggish, though rural consumption is steady. Marriage season demand has aided jewellery and two-wheeler sales, while early rains have hit durables. Capital goods and defence are buoyed by strong government capex. PL Capital said. Banks face credit pressure, but rate and CRR cuts may aid margins. EMS, AMCs, and commodity plays will lead profit growth, while IT, consumer, pharma, and travel sectors will post modest gains, according to PL Capital. High-conviction stock picks PL Capital has removed Max Healthcare, Britannia, Mahindra and Mahindra, Sun Pharma, Rainbow Hospitals, Chalet Hotels, and Eris Lifesciences from its list of high-conviction picks. While the brokerage remains structurally positive on most of these names, it believes the current valuations offer little room for further gains in the short term. In their place, PL Capital has added Apollo Hospitals, Lupin Laboratories, and Samhi Hotels to its conviction list.
Business Standard
17-07-2025
- Business
- Business Standard
PL Capital bets on domestic sectors, sees 6.5% Nifty growth in 12 months
Domestic-facing sectors are likely to lead market gains in the near term as demand rebounds, according to analysts at PL Capital, who expect the benchmark Nifty50 index to rise another 6.5 per cent over the next 12 months. Indian markets have shown a lot of resilience in the past few months despite big events, and seem to have learnt to live with global volatility and adverse geopolitical news flows, the brokerage said in an India Strategy report. On the domestic front, it said that the first quarter (Q1-FY26) has seen the front-end of government capital expenditure with a growth of 61 per cent and 39 per cent in April and May. "There is a momentum in ordering and a significant pick up in defence expenditure." Further monetary easing by the Reserve Bank of India (RBI) will help improve the liquidity in the system and improve credit growth, it said. Given that, all eyes rest on the revival of consumption demand, analysts said, favouring stocks in these sectors. Additionally, normal monsoons, multi-year low food inflation, and benefits of tax cuts in the FY26 budget could also boost domestic demand. India Inc. in Q1 has shown a mixed trend, but the upcoming festival season and spatial distribution of monsoons hold the key to broad-based demand revival, PL Capital noted. The brokerage set a 12-month target of 26,889 (6.7 per cent upside from Wednesday' close), up from 25,521 earlier, adding that sectors such as pharmaceuticals, select consumer staples, banks, capital goods, defence, and power are expected to outperform in the near term. In a bull case scenario, the Nifty is expected to move up to 28,957 levels. Earnings outlook PL Capital notes that the earnings outlook remains uncertain, with its Nifty EPS estimates for FY26 and FY27 cut by 7.3 per cent and 6.15 per cent, respectively. Consensus cuts are even steeper at 8.9 and 7.5 per cent, it noted. Despite this, the Nifty has risen just 0.8 per cent since the EPS downgrade began in October 2024. Sectors like building materials, durables, pharma, and travel are expected to report margin declines, while cement, metals, oil & gas, EMS, and telecom should see sharp expansions, the note said. Urban demand remains sluggish, though rural consumption is steady. Marriage season demand has aided jewellery and two-wheeler sales, while early rains have hit durables. Capital goods and defence are buoyed by strong government capex. PL Capital said. Banks face credit pressure, but rate and CRR cuts may aid margins. EMS, AMCs, and commodity plays will lead profit growth, while IT, consumer, pharma, and travel sectors will post modest gains, according to PL Capital. High-conviction stock picks PL Capital has removed Max Healthcare, Britannia, Mahindra and Mahindra, Sun Pharma, Rainbow Hospitals, Chalet Hotels, and Eris Lifesciences from its list of high-conviction picks. While the brokerage remains structurally positive on most of these names, it believes the current valuations offer little room for further gains in the short term. In their place, PL Capital has added Apollo Hospitals, Lupin Laboratories, and Samhi Hotels to its conviction list.
Time of India
13-05-2025
- Business
- Time of India
India's status as a defensive bet waning? CLSA says foreign flows may head back to China stocks
CLSA observed that India had emerged as a comparative leader and safe haven for investors. (AI image) India's defensive investment appeal during global uncertainty is diminishing, according to CLSA's recent India Strategy report. This shift stems from reduced trade friction between the United States and China, alongside improving regional diplomatic relations. Global risk sentiment has significantly improved following reduced tensions in South Asia and progress in US-China trade discussions. On Monday, the two nations agreed to reduce reciprocal tariffs for three months. The US decreased duties on Chinese imports from 145% to 30%, whilst China reduced its tariffs on US products to 10% from 125%. Additionally, China agreed to remove restrictions on rare earth minerals and magnets exports, which are essential for advanced manufacturing. Indian stock market indices declined in early trading on Tuesday, taking a pause following their most robust single-day advance in more than four years, which was driven by relief over the India-Pakistan ceasefire agreement. Also Read | Stock market rally post India-Pakistan ceasefire leaves investors richer by whopping Rs 16.15 lakh crore! Is the uptrend sustainable? CLSA observed that India had emerged as a comparative leader and safe haven for investors during periods of increased global trade tensions and border disputes with Pakistan. "The rise in these fears made India a hiding place and second-best performing market since March," the brokerage said according to an ET report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 & 3 BHK Homes Near SIPCOT Starting @ ₹67.50 Lakh* TVS Emerald Learn More Undo With the United States and China reaching a trade agreement, CLSA warns that "it may reduce the relative attractiveness in India," suggesting possible underperformance if investment flows redirect towards Chinese securities. CLSA has revised its stance on the Indian information technology sector, elevating it to "overweight" from "underweight", reflecting improved global conditions. The firm has introduced Tech Mahindra into its model portfolio whilst substituting TCS with Infosys, noting the latter's advantageous position to capitalise on increased technology expenditure in the U.S. Also Read | Big jump in gold reserves! Not just India's RBI, central banks around the world are stocking up on gold - here's why Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, supported this assessment. "Since the probability of a recession in the US has come down, Indian IT companies might benefit from the higher tech spending by US companies," he said. Additionally, CLSA indicated a positive outlook towards consumer staples, utilities, real estate, banks and energy sectors. However, the firm maintained a cautious stance regarding industrials, materials, healthcare and discretionary sectors. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Upturn
05-05-2025
- Business
- Business Upturn
Morgan Stanley bullish on India's long-term story; bets on financials, industrials
By Arunika Jain Published on May 5, 2025, 07:37 IST Morgan Stanley has outlined its latest India Strategy, projecting that India is likely to outperform during a global bear market but may underperform in a global bull market. The firm believes the ongoing global uncertainty presents a buying opportunity for India's long-term structural story, though it warns that investors must be prepared for periods of external-driven volatility. According to the strategy note, patience will be key, as negative headlines from global markets could weigh on sentiment in the near term. However, the brokerage believes the long-term rewards from India will outweigh the short-term risks. In terms of sector preferences, Morgan Stanley is overweight on domestic cyclicals, specifically backing financials, consumer discretionary, and industrials. The firm has adopted an underweight stance on energy, materials, utilities, and healthcare, reflecting a cautious outlook on sectors sensitive to global macro and commodity cycles. The report emphasizes that the current environment is likely to favor stock pickers rather than those relying on top-down or macro-driven strategies, a shift from the broad-based trends witnessed during the pandemic years. Morgan Stanley added that it remains capitalization-agnostic, indicating a neutral view on large-cap vs. mid/small-cap allocations. Disclaimer: This report is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a qualified financial advisor before making any investment decisions. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
