Zee removed from F&O
FPIs up holdings in 7 Adani group firms
Foreign portfolio investors (FPIs) have upped their stakes in seven out of 10 listed firms of the Adani group during the quarter ended March 2024. Adani Ports & SEZ has seen the highest increase at 26 basis points (bps) to 14.98 per cent followed by Adani Wilmar and Adani Green at 12 bps each. Shares of Adani Ports rallied 31 per cent during the three-month period ended March 2023. Adani Green rose 15 per cent and Adani Wilmar fell 10 per cent. Meanwhile, FPI holding fell 24 bps in flagship Adani Enterprises to 14.41 per cent, while 78 bps in Ambuja Cements. Despite FPIs pruning stake, AEL, Ambuja Cements and ACC gained between 12 per cent and 18 per cent during the March 2024 quarter.
First Published: Apr 16 2024 | 9:14 PM IST