Foreign investors increased their investment rapidly in these 5 companies, there may be a big jump in the stock

Foreign investors have shown more interest in Indian companies in the April-June quarter, leading to a sharp rise in the holdings of these entities in five companies. This increase is even after he remained a net seller of equities for the last nine months before becoming a buyer from the end of July this year. Market experts believe that whenever foreign investors increase their stake in a company, it accelerates. In such a situation, these five stocks can rise. In such a situation, in the coming days, the Indian market can once again reach a new high.

According to data compiled by Prabhudas Lilladher, foreign investors increased their stake in RHI Magnesita India Ltd to 2.2 per cent as compared to 0.64 per cent on March 31. While, the stake in Esab India Ltd increased from 0.21 per cent to 0.64 per cent, in Tata Coffee Ltd it increased from 0.71 per cent to 1.78 per cent, in Hindustan Copper Ltd it increased by 0.67 per cent to 0.31 per cent and in Mangalore, the data showed. That in Refinery and Petrochemicals Ltd. it increased from 0.77 per cent to 1.6 per cent.

There are some other state-owned entities such as India Bank, Rashtriya Chemicals and Fertilizers Limited, etc. where the share of FPIs has increased. Experts believe that the increase in holding is due to shifting of interest in value stocks. The inflow of foreign investors into Indian equities is over Rs 21,000 crore since July 28. After selling in equities for almost nine months, foreign investors became buyers from the end of July.

Experts believe that foreign investors have returned to the Indian market as India is the preferred destination as the country has the best growth potential among the world's major economies. FPIs have become net buyers in auto, capital goods, FMCG and telecom.