The stock screener tracking big changes in FII shareholding in the most recent quarter, looked at stocks that saw foreign institutional investors or foreign portfolio investors either raise or lower their shareholding in the company by more than 3%. These stocks consumer company Hindustan Foods (which saw a big buy from Jwalamukhi Investment Holdings) Lakshmi Vilas Bank, (which saw Aviator Global and Pinewood Strategy ramp up investments) Advanced Enzyme (which drew investments from Orbimed Mauritius) and others. AllSec Tech tops the list but may owe that to a misfiling on the part of the investment company, which either missed or made an error in its December filing. 

The interest for FIIs in stocks like Lakshmi Vilas (which has a low durability score) is likely owing to the fact that the Indiabulls Group had announced its decision to exit the real estate sector and shift its focus to core financial services, after announcing a merger with Lakshmi Vilas Bank. This opens up new upside potential for the banking stock if the merger efforts and business growth are successful, but this currently according to analysts remains a high-risk play. For the full screener, click here.