 "YES Bank, PolicyBazaar added to FPI cart in October-December quarter")
YES Bank and PB Fintech (PolicyBazaar) saw the highest increase in stake by foreign portfolio investors (FPIs) during the October-December quarter (third quarter, or Q3) of 2022-23 (FY23).
Gayatri Projects and New Delhi Television (NDTV), however, saw the highest reduction in stake, reveals data collated by PRIME Database.
Foreign institutional investors raised their stake in YES Bank by 11 percentage points (ppt), in PolicyBazaar owner PB Fintech by 10.8 ppt, and Servotech Power Systems by 9.4 ppt.
Conversely, FPIs pruned their stake in Gayatri Projects by 10.09 ppt and NDTV by 9.4 ppt.
The change in FPI ownership in the prospects of stocks was somewhat mixed.
Of the 10 stocks which saw the highest climb in FPI ownership in Q3FY23, five rose and five declined during the period.
Six of the 10 stocks which saw maximum decline in FPI holdings in the same quarter rose during the period.
FPIs bought shares worth Rs 47,349 crore in National Stock Exchange-listed companies in the quarter that ended in December 2022.
Their holding rose to 20.18 per cent, against 19.88 per cent in the preceding quarter (July-September) of FY23.
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