FIIs, MFs bet on 138 stocks in last 1 year; should you buy?

When it comes to hunting for stocks, investors depend on their financial advisors or do their own research. To that end, analysing the portfolio of foreign investors as well as mutual funds can certainly help retail investors shortlist a few stocks.

We analysed portfolios of foreign investors (FIIs) and mutual funds (MFs) not just for one quarter but for the last four quarters and found that there are as many as 138 stocks that are common in both the portfolios.

Also, it was noticed that FIIs and MFs increased their stake in these stocks in the last one year on a year-on-year basis.

Out of the 138, as many as 14 stocks saw a correction of 20-80 percent in the past one year. The list includes 8K Miles, CL Educate, Bharti Infratel, Bhansali Engineering, Balaji Telefilms, BHEL, Ambuja Cements, Dixon Technologies and Amrutanjan Health, according to data collated by AceEquity.