Foreign portfolio investors (FPIs) increased their stake in Shankara Building Products in July-September (Q2FY18) quarter. FPIs total holding in the company increased by 3.39 percentage points to 10.66% in Q2FY18. They hold 7.27% stake in the company at the end of June quarter (Q1FY18).
Mutual funds reduced their holdings in the company by 2.89 percentage points to 9.43% in Q2FY18 from 12.24% in Q1FY18, while individual shareholders stake declined to 10.68% from 11.55%.
Shankara Building Products is one the leading organized retailers of home improvement and building products in India based on number of stores, operating under the brand name Shankara Buildpro.
