FIIs cut stakes in 12 stocks in September quarter; shares fall up to 27% in 3 months
BSE moved lower.
· ET Stocks, Economic Times Markets
FIIs reduced stakes in 36 of 68 BSE 500 companies reporting September-quarter shareholding data. Twelve stocks fell up to 27% over three months as foreign investors trimmed holdings.
The analysis
BSE reported movement of 27%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The immediate tone of coverage reads negative.