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Data shows that overseas investors pulled out Rs 1.07 lakh crore in Q1FY23 but have continued to increase their stake in selected stocks from across the sectors.
According to Forbes real-time billionaire list, Ambani is the sixth richest in the world with an overall net worth of $103.20 billion. On the other hand, Gautam Adani is the seventh richest with Rs 101.1 billion of net worth.
Data available with Ace Equity showed that these top 10 players contributed as much as 25 per cent and 33 per cent to the overall top line and bottom line, respectively, in the previous financial year.
Earlier, they stood as net sellers for seven straight months in 2008, when they offloaded shares worth Rs 44,380 crore (net investment) between May 2008 and November 2008.
Amid the ongoing volatility in the domestic equity market, select little-known stocks from the broader markets have managed to deliver a stupendous return to investors since the beginning of the ongoing calendar year.