FPIs increase exposure in Tata Steel, SAIL on surge in steel prices

In Tata Steel, FPI holding was up by 5.69% and in SAIL by 0.93% between October and December; in JSPL and JSW Steel, it was marginally down by 0.72% and 0.03%, respectively

Foreign portfolio investors (FPIs) have increased their exposure in Tata Steel and Steel Authority of India Ltd (SAIL) since the rally in steel prices.

In Tata Steel, FPI holding was up by 5.69 per cent and in SAIL by 0.93 per cent between October and December; in JSPL and JSW Steel, it was marginally down by 0.72 per cent and 0.03 per cent, respectively. Between October and March, FPI holding in Tata Steel was up 6.54 per cent.

While FPI holding in Tata Steel saw a sharp increase, overall institutional holding was up by just 1.33 per cent. All major steel