DII buying stocks: Indian institutions raised stakes

Indian institutions' combined holding must be 1 percentage point or more above its level at the previous filing. The latest filing's share is compared with the previous filing's, each on its own filing's basis. A company that moved from 12.0% to 13.0% meets the test; one that moved from 12.0% to 12.8% does not. The table is sorted by that change, largest first, and can be narrowed by sector or size.

A DII is an institution based in India that invests large pooled sums in listed shares. Mutual funds, insurance companies, banks, pension and provident funds and alternative investment funds are the main kinds. The page adds them into one figure, and the mutual fund change is shown in its own column beside it, next to the promoter and foreign institution changes, so the reader can see which group moved.

The change is the plain difference between two holding figures, in percentage points. Listed companies file a shareholding pattern every quarter, so each row compares two consecutive filings and the dates differ by company. A change is left blank where the two filings differ on whether depositary-receipt shares are counted separately; the promoter change is also blank where either filing names no promoter group.

A rise in the DII share can come from institutions buying, but also from a buyback in which institutions keep their shares while others sell theirs back, so the page shows the change and not the cause. The figure is a quarterly snapshot and says nothing about trading between the two dates. A 1 point rise is the same test for every company, but in a small company it is a far smaller sum of money than in a large one.