FPIs Boost Holdings In 83 Indian Stocks Despite Massive Outflows

Foreign portfolio investors have consistently increased their stakes in <b>83 Indian companies</b> over the last four quarters. This steady buying occurred even as overseas funds acted as major sellers of Indian equities during the same period. An Economic Times analysis of shareholding data after the September quarter confirmed this trend across various market capitalizations. Despite selling nearly <b>$28 billion</b> worth of Indian stocks between January and September, FPIs favored specific firms. Large-cap names like <b>Lupin</b>, SAIL, and Bank of Maharashtra saw rising stakes for four consecutive quarters. Smaller firms like AAA Technologies also recorded significant increases in foreign ownership, with AAA Technologies showing a sharp 36.83% rise in Q2. The sustained outflows were driven by expensive valuations, subdued corporate earnings, and global trade uncertainties.