This #TweetStorm is just an itch to write about ITC Limited which everyone has spoken about :). Pardon me if its totally useless. 1) FII shareholding in December 2016 Peaked at 20.89%. Reducing Every Quarter since then !! Down to 14.6% in June 2020.
2) Mutual Funds have gone from 2.65% to 9.45%. Insurance Companies mainly - LIC,GIC etc continue to own 20-22% in the same period. Even SUUTI has gone down from 11.13% to 7.94%.
3) #Retail below 2 lakh capital has gone from 8.73% to 9.2% to 9.47% in last 2 qtrs and no of #shareholders from 10.57 lakhs to 12.7 lakhs to 14.61 lakhs between Dec 2019 to June 2020. Should be more higher in Sept 2020 !!
There are two types of #Twitter spokesperson on #ITC - Its either you love it or you hate it. Won't touch that topic but do not forget #ITC was the largest weight in #Nifty sometime in 2012-2013. 10% of #Nifty ... Thats how markets are - Love (Re-Rating) to Hate ( De-Rating)
But the fact is how can prices go up sharply when there is a nonstop seller !! Would be watching for a trade when #FII shareholding increase QoQ ,The last qtr was a marginal dip in FII holding. Or maybe when OI decreases quickly what say @dcsethia?
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