FIIs turn bullish on Tata group

Up stake in 12 firm

Taking a bullish stance on shares of firms, overseas investors have raised their exposure in 12 of the salt-to-software conglomerate including giants like TCS, and Tata Motors.

The $100-billion derives over 58% of its revenue from international operations and foreign investors have always been attracted towards shares of its about 30 listed companies.

However, foreign institutional investors (FIIs) seem to have turned more bullish on the group in the recent months and they raised their stake in 12 out of the 15 major Tata in the last quarter ended December 31, 2012, as per the latest shareholding data of these companies.

Among these, FIIs raised their stake in IT bellwether firm from 14.83% to 14.96% during the October-December 2012 quarter. Besides, the holding in Tata Motors rose from 28.47% to 29.01% during this period, while the same in moved up from 14.71% to 14.79%.

The other Tata where FIIs have raised their stake include Tata Power, Trent, Tata Communications, Tata Elxsi, Tata Global Beverages and Indian Hotels.

The growing attraction among FIIs for stocks incidentally come at a time a change of guard has taken place at its Bombay House headquarters.

The 44-year-old Cyrus Mistry took over as head of following retirement of Ratan Tata on December 28, 2012. Tata, who has now assumed the role of Chairman Emeritus, has spent nearly 50 years with the group including 21 years as Chairman.

The where holding dipped during the last quarter were Rallis India, Voltas and Tata Teleservices.

FIIs reduced their shareholding in Rallis India to 10.8% from 11.85% in September quarter, while in Voltas it dipped to 21.65% from 22.55%.

Tata Teleservices also saw decline in foreign investors holding from 0.82% to 0.65% in Q3.

commands a market value of over $93 billion and an investor base of over 3.8 million.

According to Gajendra Nagpal, CEO of Unicon Financial Solutions, "has been the favourite of FIIs for a long time. Besides, the smooth transition of leadership from one generation to another has gone down very well with overseas investors."

Among blue-chip companies, has been showing remarkable performance quarter-on-quarter, he said.

had last month posted better-than-expected 26.7% jump in net profit at Rs 3,550 crore for October-December quarter.

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Business Standard
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Business Standard

FIIs turn bullish on Tata group

Up stake in 12 firm

Press Trust of India  |  New Delhi 

Taking a bullish stance on shares of firms, overseas investors have raised their exposure in 12 of the salt-to-software conglomerate including giants like TCS, and Tata Motors.

The $100-billion derives over 58% of its revenue from international operations and foreign investors have always been attracted towards shares of its about 30 listed companies.

However, foreign institutional investors (FIIs) seem to have turned more bullish on the group in the recent months and they raised their stake in 12 out of the 15 major Tata in the last quarter ended December 31, 2012, as per the latest shareholding data of these companies.

Among these, FIIs raised their stake in IT bellwether firm from 14.83% to 14.96% during the October-December 2012 quarter. Besides, the holding in Tata Motors rose from 28.47% to 29.01% during this period, while the same in moved up from 14.71% to 14.79%.



The other Tata where FIIs have raised their stake include Tata Power, Trent, Tata Communications, Tata Elxsi, Tata Global Beverages and Indian Hotels.

The growing attraction among FIIs for stocks incidentally come at a time a change of guard has taken place at its Bombay House headquarters.

The 44-year-old Cyrus Mistry took over as head of following retirement of Ratan Tata on December 28, 2012. Tata, who has now assumed the role of Chairman Emeritus, has spent nearly 50 years with the group including 21 years as Chairman.

The where holding dipped during the last quarter were Rallis India, Voltas and Tata Teleservices.

FIIs reduced their shareholding in Rallis India to 10.8% from 11.85% in September quarter, while in Voltas it dipped to 21.65% from 22.55%.

Tata Teleservices also saw decline in foreign investors holding from 0.82% to 0.65% in Q3.

commands a market value of over $93 billion and an investor base of over 3.8 million.

According to Gajendra Nagpal, CEO of Unicon Financial Solutions, "has been the favourite of FIIs for a long time. Besides, the smooth transition of leadership from one generation to another has gone down very well with overseas investors."

Among blue-chip companies, has been showing remarkable performance quarter-on-quarter, he said.

had last month posted better-than-expected 26.7% jump in net profit at Rs 3,550 crore for October-December quarter.

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FIIs turn bullish on Tata group

Up stake in 12 firm

Taking a bullish stance on shares of Tata group firms, overseas investors have raised their exposure in 12 companies of the salt-to-software conglomerate including giants like TCS, Tata Steel and Tata Motors.

Taking a bullish stance on shares of firms, overseas investors have raised their exposure in 12 of the salt-to-software conglomerate including giants like TCS, and Tata Motors.

The $100-billion derives over 58% of its revenue from international operations and foreign investors have always been attracted towards shares of its about 30 listed companies.

However, foreign institutional investors (FIIs) seem to have turned more bullish on the group in the recent months and they raised their stake in 12 out of the 15 major Tata in the last quarter ended December 31, 2012, as per the latest shareholding data of these companies.

Among these, FIIs raised their stake in IT bellwether firm from 14.83% to 14.96% during the October-December 2012 quarter. Besides, the holding in Tata Motors rose from 28.47% to 29.01% during this period, while the same in moved up from 14.71% to 14.79%.

The other Tata where FIIs have raised their stake include Tata Power, Trent, Tata Communications, Tata Elxsi, Tata Global Beverages and Indian Hotels.

The growing attraction among FIIs for stocks incidentally come at a time a change of guard has taken place at its Bombay House headquarters.

The 44-year-old Cyrus Mistry took over as head of following retirement of Ratan Tata on December 28, 2012. Tata, who has now assumed the role of Chairman Emeritus, has spent nearly 50 years with the group including 21 years as Chairman.

The where holding dipped during the last quarter were Rallis India, Voltas and Tata Teleservices.

FIIs reduced their shareholding in Rallis India to 10.8% from 11.85% in September quarter, while in Voltas it dipped to 21.65% from 22.55%.

Tata Teleservices also saw decline in foreign investors holding from 0.82% to 0.65% in Q3.

commands a market value of over $93 billion and an investor base of over 3.8 million.

According to Gajendra Nagpal, CEO of Unicon Financial Solutions, "has been the favourite of FIIs for a long time. Besides, the smooth transition of leadership from one generation to another has gone down very well with overseas investors."

Among blue-chip companies, has been showing remarkable performance quarter-on-quarter, he said.

had last month posted better-than-expected 26.7% jump in net profit at Rs 3,550 crore for October-December quarter.

image
Business Standard
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