Who owns India’s top stocks, and who will 5 years hence?
Excitement about the new govt, bleak outlook for the real estate market and the drop in gold prices in the past two years have helped investors make the shift
Almost two-thirds of India’s top 200 stocks are owned by its own citizens and corporations, according to data collated by Kotak Institutional Equities. But foreign ownership has been steadily rising, from 24.1% five years ago, to 34.4% currently. The share of foreign investors in floating stock, or stock held by non-promoters, has risen from under 40% five years ago, to over 50%.