New Delhi, April 21: Foreign Institutional Investors (FIIs) raised their exposure in eight companies of the salt-to -software Tata group that included TCS and Tata Communications during the quarter ended March 31, 2013.
At the same time, they trimmed holdings in five other companies of the group such as Tata Steel, Tata Motors and Tata Power.
An analysis of 13 listed firms of the Tata conglomerate which declared their shareholding pattern during January-March shows that FIIs have increased stakes in eight entities.
The $100-billion Tata group garners over 58 per cent of its revenue from overseas operations.
IT major TCS saw FII holding increasing by about 8 per cent from 14.96 per cent to 16.14 per cent during the quarter.
TCS had on Wednesday reported a 22.1 per cent jump in net profit at Rs 3,596.9 crore for January-March quarter and expressed confidence of beating Nasscom estimate of 12-14 per cent industry growth in 2013-14.
Other Tata companies that saw FII stake going up include Tata Chemicals (from 17.24 per cent to 18.04 per cent), Tata Communications (2.77 per cent to 3.74 per cent ), Titan Industries (18.3 per cent to 19.08 per cent), Indian Hotels (14.43 per cent to 15.56 per cent), Trent (13.94 per cent to 14.18 per cent), Tata Elxsi (1.78 per cent to 1.83 per cent), Tata Motors DVR (45.35 per cent to 49.16 per cent).
In contrast, foreign holding in Tata Steel went down to 13.87 per cent from 14.79 per cent, while Tata Motors saw FII stake going down to 28.38 per cent from 29.01 per cent.
The FII stake in Tata Power fell from 24.95 per cent to 24.54 per cent, Voltas (21.65 per cent to 18.55 per cent), Tata Global (19.13 per cent to 17.77 per cent).
The BSE 30-stock index, Sensex, had lost nearly 4 per cent during January-March period.
