The peak weight of the financial stocks in the FPIs portfolio was around 38% in the pre-Covid period. In 2023, FPIs deployed only 16.4% of the total inflow of $21 billion to the financial sector. Mirroring the trend of FPIs, local mutual funds too are paring their exposure to private banks with the sector weight in their AUM dropping to 17.1% in January 2024 from a high of 20.5% in June 2023.
Tata Consumer Q2 Results: Cons PAT jumps 8% YoY to Rs 364 crore, beats estimates
Tata Consumer Q2 Results: The profit after tax was above ET Now poll estimates of Rs 314 crore. The company reported quarterly revenue of Rs