Bharat Heavy Electricals Ltd (BHEL) posted its shareholding data with the exchanges on Wednesday afternoon.

What Happened: As per the data, foreign institutional investors raised their stakes during the June-September period. As per data, FIIs currently hold a 9.49% stake in the company up from the 9.10% reported at the end of June.

The government of Singapore’s stake also increased to 1.48% at the end of the September quarter from 1.34% reported in June.

See Also: FII, Mutual Funds Cut Stake In Garden Reach Shipbuilders In Q2

Mutual funds also raised their stake in the company during the July-September period. As of September 30, mutual fund holding in the company stands at 5.82%, a jump from 5.36% posted at the end of June. Nippon India Small Cap Fund raised its stake to 1.97% from 1.28% during the quarter.

Last month, the company bagged a contract worth over ₹6,100 crore from NTPC Limited for the Sipat Supercritical Thermal Power Project Stage -III.

Price Action: BEHL’s share price was down 0.72% to trade at ₹263.60 in the late hours of trading on Wednesday.

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