The Economic Times daily newspaper is available online now.

    FPIs buying into these mid-caps, analysts see up to 50% upside

    Synopsis

    For instance, the FPI holding in construction firm NCC has increased from 8.89% in March 2022 to 19.96% in March 2023. According to Bloomberg analyst consensus estimates, the stock can yield nearly 15% in a year.

    FPIsThinkStock Photos
    ET has compiled a list of 15 such stocks where foreign institutions have raised their stake consistently for the past four quarters.

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

    Explore Now
    Mumbai: Overseas fund managers have consistently increased their stakes in about 40 mid-cap stocks in each of the last four quarters, even as they have been net sellers of Indian equities worth over ₹26,000 crore during this period.

    These stocks include NCC, GHCL, Raymond, West Coast Paper, BHEL, CPCL, Praj Industries, JP Power, Rain Industries, and Nocil among others.

    For instance, the FPI holding in construction firm NCC has increased from 8.89% in March 2022 to 19.96% in March 2023. According to Bloomberg analyst consensus estimates, the stock can yield nearly 15% in a year.

    Similarly, FPIs have increased their stake in soda ash producer GHCL from 15.42% to 25.09% in the last four quarters. According to analysts' estimates, the stock, which declined 14% in the one last year, can give a return of up to 50% over the next 12 months.

    Similarly, overseas funds have raised their stake in Raymond from 10.20% in March 2022 to 16.70% in March 2023. Raymond has an upside of 26% as per Bloomberg consensus estimates.

    Analysts said foreign fund managers have been cutting exposure to India because of expensive valuations compared to the region but they are continuing to raise exposure to select potential winners.

    ET has compiled a list of 15 such stocks where foreign institutions have raised their stake consistently for the past four quarters.

    FPIs Buying into These Mid-caps, Analysts See Up to 50% Upside





    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in