FPIs lap up power & financial services stocks in April

Power sector received the highest inflow from foreign investors, who bought shares worth Rs. 5,143 crore after buying Rs. 45 crore in March. In 2023, the sector witnessed inflows worth Rs. 2,477 crore. With the government expected to boost the country’s power capabilities as part of its ambition to make India into a manufacturing hub, the focus is on the companies that will benefit from the revival of the sector.
Foreign portfolio investors continued to pump money into the financial shares with the sector receiving Rs.3,212 crore inflows in the first half of the month. The sector received inflows of over Rs.52,000 crore last year.