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The Baseline
22 Dec 2022
Screener of the week: FII favourites among high scoring DVM stocks
By Abdullah Shah

 

As 2022 comes to a close, we take a look at high scoring DVM stocks that have seen more than a 0.5% rise in their FII holdings in Q2FY23. This screener lists stocks that FIIs bought in significant numbers, which have high durability and momentum scores along with a decent valuation score. 

It features 24 stocks from Nifty 500 and two stocks from the Nifty 50 index. Industries like banks, construction & engineering, paper & paper products, utilities: non-electrical and defence dominate the screener. Major stocks featured in the screener are Hindustan Aeronautics, City Union Bank, IIFL Finance, JK Paper and Great Eastern Shipping

City Union Bank saw the highest rise of 3.2% QoQ in its FII holdings. Major contributors to this rise were Kotak Funds India Mid Cap Fund and Bank Muscat India Fund. The largest foreign investor of the company is Smallcap World Fund as it holds 4.9% stake. The stock has a high Trendlyne durability score of 65.

Great Eastern Shipping’s foreign investor holding increased by 1.9% over the past quarter. City of New York Group Trust bought 1.2% stake in the company. Other major foreign institutional investors of the company are Nalanda India Fund and Abu Dhabi Investment Authority with 7.4% and 2.2% stakes respectively. The stock also has a high Trendlyne durability score of 65.

You can find some popular screeners here.

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