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BL Research Bureau

Among the listed stocks, certain companies have seen heightened FII participation in the current year.

Among them, price movements of the top 10 companies reveal interesting trends.

The companies including GVK Power Infra, Phoenix Mills, Pritish Nandy Communications witnessed between 10 per cent and 54 per cent rise in FII holdings.

These companies, which have seen the highest incremental FII exposure during the current year, have seen their share prices plunge between 2 per cent and 8 per cent today in part reaction to the Participatory Notes’ restriction suggested in the SEBI’s consultation paper.

Among them, Max India, Aftek and Ganesh Housing were worst hit .

During January-September 2007, six of the companies have seen their share prices shoot up in the range of 35-140 per cent with Teledata Informatics, GVK Power & Infra and Phoenix Mills grabbing the top three slots. Bucking this trend, Bombay Rayon Fashions and Om Metals Infraprojects have seen their share prices tumble 5 per cent and 25 per cent respectively during January-September period.

However, 5 out of these 10 companies have participated in the month-long rally which saw the Sensex surge over 3,000 points that pushed benchmark above 19000. Over the past month, companies such as Ganesh Housing, Om Metals and GVK have witnessed significant investor interest with stock prices going up by over 20 per cent.

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