Seven samurais! Suzlon, Patanjali among top 7 stocks HNIs fell in love with in Q1

economictimes.indiatimes.com:

Suzlon Energy and Patanjali Foods during the June quarter, India's HNI (high net-worth individuals) investors bought the dip in Adani Transmission shares but found peace in the safety net of bluechips like HDFC Bank and Reliance Industries. An analysis of the June quarter shareholding pattern shows that HDFC Bank saw one of the highest increases in HNI ownership, followed by Jhunjhunwala-owned Star Health and Radhakishan Damani's Avenue Supermarts. HNI buying was also seen in Reliance Industries, Suzlon Energy, Patanjali Foods and Adani Transmission.

During the quarter, shares of renewable energy solutions provider Suzlon Energy rallied about 94% following a turnaround in the company's fortunes led by debt reduction, a strong order book and a return to profitability. HNI buying during the quarter in Suzlon is being estimated at Rs 271 crore, shows calculations done by Prime Database by multiplying the difference in March and June shareholding by the average closing price during the quarter. Baba Ramdev-led Patanjali Foods, wherein HNIs bought stake worth over Rs 260 crore, saw the share price jumping 22.65% during the quarter.

From the list, Adani Transmission, which has since then been renamed Adani Energy Solutions, is the only one whose share price dropped during the quarter (23%).On sell listHNIs were seen booking profits in Bajaj Finserv, IDFC First Bank, Macrotech Developers, Bajaj Auto, Bharti Airtel, Poonawalla Fincorp and Kotak Mahindra Bank. On an overall basis, HNI holdings went up in 782 companies listed on NSE in the last one quarter. The average stock price of these companies in the same period increased by 25.38%.