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Only foreign institutional investors have increased their shareholding in Infosys Ltd in the last one year.
The rest, including the public, domestic institutional investors and promoter, have all reduced their shareholding in the Indian software major during the period.
However, the shareholding of custodians holding American Depository Receipts increased considerably in the last year, according to data available with the Bombay Stock Exchange.
At the end of March 31, the shareholding of FIIs in Infosys increased to 42.10 per cent as against 40.52 per cent at the end of the same period in the previous year.
The biggest decline was in the shareholding of domestic institutional investors to 13.66 per cent as against 17.51 per cent a year ago.
According to Ramesh Chordia, financial adviser and sub-broker of a leading Mumbai-based brokerage, as the Infosys stock surged to new high in the previous quarter, domestic investors booked profits. “Having burnt their fingers elsewhere, retail investors booked profits wherever they saw opportunities, he added.
The Infosys stock hit an all-time high of ₹3,847.2 on March 3. On Thursday it closed at ₹3,206.60.
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