Top companies where FIIs continuously increased stake in last 4 quarters

There are over 80 companies where FIIs have continuously increased their holding in the last four quarters, and around 30 firms where they have raised their holding by 50 per cent.

Markets mostly have been a one-way street since the presentation of Union Budget on July 5 when the government proposed to increase tax on foreign portfolio investors (FPIs) up to 42 per cent. Following the proposal, overseas investors pulled out over Rs 11,000 crore (nearly $2 billion) from Indian equities in July, the steepest outflow in nine months. In the first two sessions of August, they withdrew a net Rs 2,881 crore, data show.

Last week, however, the government held meetings with representative of FPIs to assuage their concerns and reports suggest it may come up with measures to recover