Top 5 Mid-Cap Stocks (FII/FPI Favourites)

Introduction

There are various stocks in the mid-cap segment in which the FIIs/FPIs have a shareholding, but some in this category are the favourites of Foreign Institutional as well as Foreign Portfolio Investors.

So now let’s talk about which stocks are in the eye of these Foreign Investors:

1. Zee Entertainment Limited:

• Zee Entertainment Limited has a market capitalisation of around Rs. 20,000 crore.
• It was previously a large-cap company with a place in Nifty 50, but due to problems in promoters the company faced a hard time.
• The promoter holding in the company is now only 3.99% and even in this, the promoters have pledged some shares.
• The FIIs holding in this stock as of 31 March 2021 is 64.15%. The FIIs hold 66.81% of the Free-Float which sums up to an amount of Rs. 12,690 crore.
• But the point to note here is that the FIIs are reducing their stake in the company, in the last year same quarter, the FIIs holding was 68.27%, which has now come down to 64.15%.
• The company can be easily targeted as in acquisition by some other firm.

2. Shreeram Transport Finance Limited:

• Shreeram Transport Finance Limited has a market capitalisation of around Rs. 36,257 crore.
• The Foreign Institutional Investors holding in this stock as of 31 March 2021 is 61.01% and the promoter holding in the company is around 26.50%.
• FIIs hold 83.01% of the Free-Float which sums up to an amount of around Rs. 22,000 crore.
• But here again, the FIIs are reducing their stake in the company, in the last year same quarter, the FIIs holding was 64.66% which is not a good signal for the investors.

3. Crompton Greaves Consumer Electricals Ltd. (CGCEL):

• CGCEL has a market capitalisation of around Rs. 25,000 crore. It looks like the company has come out from facing very hard situations.
• The Foreign Institutional Investors holding in this stock as of 31 March 2021 is around 39.18% and the promoter holding in the company is around 11.40%.
• FIIs hold 44.2% of the Free-Float which sums up to an amount of around Rs. 10,000 crore.
• In the last year same quarter, the FIIs holding was 30.51% which is a good signal for the investors, as the Foreign Institutional Investors are showing interest in the company.

4.Manappuram Finance Limited:

• Mannapuram Finance has a market capitalisation of around Rs. 13,571 crore.
• The Foreign Institutional Investors holding in this stock as of 31 March 2021 is around 38.58% and the promoter holding in the company is around 35%.
• FIIs hold 59.34% of the Free-Float which sums up to an amount of around Rs. 5,200 crore.
• In the last year same quarter, the FIIs holding was 39.50% which has fallen this year but is not much to great extent.

5. Fortis Healthcare:

• Fortis Healthcare has a market capitalisation of around Rs. 17,000 crore.
• The Foreign Institutional Investors holding in this stock as of 31 March 2021 is around 34.42% and the promoter holding in the company is around 31.2%.
• FIIs hold around 50% of the Free-Float which sums up to an amount of around Rs. 6,000 crore.
• In the last year same quarter, the FIIs holding was 43.13% which is not a good signal for the investors as the Foreign Institutional Investors are losing interest in the company.

Conclusion:

In 3 out of the above 5 companies, the Foreign Institutional Investors are losing interest in the company as they are reducing their stake. Whereas in Manappuram Finance the stake is almost at the same level and in CGCEL, the FIIs have increased their interest in the past 1 year. The Stocks discussed in this blog are not a direct recommendation and one should consult their financial advisor before investing.