Blinkit & you miss it! FIIs said no to Eternal, retail said wait; who said yes?

Bluechip Nifty stock Eternal has left FOMO in both FIIs and retail investors after Q1 numbers held investors spellbound, but the real winners were mutual funds who saw the quick-commerce goldmine when others couldn’t.

Foreign institutional investors (FIIs) have been relentlessly cutting their Eternal stake, with FII holding tumbling from 44.4% to 42.3% in the June quarter alone, marking the seventh consecutive quarter of foreign selling. In March 2024, foreigners owned a commanding 55.1% stake.