In this week’s edition, we take a look at the changes in institutional holding for Adani Group stocks in Q4FY23. It’s been a rough quarter for these stocks as a few of them lost over 50% in value following the explosive report by Hindenburg.

Foreign investors seem to have taken advantage of this correction, while mutual funds largely stayed away. This screener shows the QoQ change in the holdings of FIIs and mutual funds in Adani Group stocks in Q4FY23. 

Adani Ports’ FII holdings have risen by 4.2% QoQ in Q4, with Goldman Sachs Trust being the largest buyer. It bought a 1.8% stake in the company. However, mutual funds stayed skeptical and sold a 1.3% stake in the company. Kotak Equity Arbitrage Growth Fund also sold a 0.3% stake. 

Adani Enterprises witnessed its FII holdings increase by 2.4% QoQ in Q4 as Goldman Sachs Trust bought a 1.4% stake in the company. Meanwhile, mutual funds reduced their holdings by 0.3% in the same period.

In contrast, NDTV saw its FII holdings fall by 2.3% QoQ in Q4. Both domestic funds and foreign investors reduced their stakes by over 1.5% in cement majors such as ACC and Ambuja Cement.

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