Voda Idea, Suzlon: Trading strategies in stocks where FIIs increased stake

The Foreign Institutional Investors (FIIs) have been aggressive net sellers in the Indian equity market in the calendar year 2024 so far. The FIIs had net sold stocks worth Rs 1.19 lakh crore as of July 2024.

In the June quarter alone, FIIs net sold shares to the tune of Rs 75,869 crore. Amid the outflows, FIIs have also increased stakes in several Indian stocks. As per the shareholding pattern for the quarter ended June 2024, the highest stake increase by FIIs in a single stock is Ujjivan Small Finance Bank (SFB), wherein foreign investors acquired additional 21.2 per cent stake in the finance company.