Foreign investors favourites: Indiabulls Ventures, Himadri Chemical, SpiceJet and more

One robust way to identify good quality stocks is by looking at buying interest of institutional investors. Institutional investors like FPIs use advanced valuation metrics and forecasting models to identify fundamentally strong stocks. The best way to look at the stocks where foreign investors interests are rising is by looking at their stake in the company's shareholding pattern. 70 companies of the BSE500 index witnessed consistent increase in FPI stake during the past five quarters between December 2016 and December 2017. These companies on an average delivered 73.7 per cent returns between December 31, 2016 and February 15, 2018. 61 of the 70 companies clocked positive returns during the period. Let us look at the five FPI favourite stocks that have delivered highest returns in the past 13 months: