Three capital-efficient market outliers FIIs bought during the 2024 selloff
Live MintThe year 2024 was far from stellar for Indian stocks, particularly in retaining foreign investment. #1 Mrs Bectors Food Specialities With a market cap of ₹10,333 crore and FII holding of 13.12% as of September quarter, Mrs Bectors Food Specialities Ltd—India’s largest biscuits exporter—leads this list. With a market cap of ₹988 crore, ASK Automotive reported a sharp rise in FII holding, increasing from 4.91% in the April-June period to 9.16% in the quarter ended September. With a market cap of ₹6,941 crore and an FII holding of 12.31% as of September-ended quarter, Indigo Paints has attracted significant interest from foreign investors. The company’s consistent topline growth, outperforming the industry for six consecutive quarters, signals sustained market share gains—a likely factor behind the rising FII interest.