Foreign money is leaving

Over the four quarters to June 2026, foreign investors cut their share of four of the five: Amber from 28.59% to 20.48%, Kaynes from 10.71% to 5.82%, PG Electroplast from 13.02% to 9.95%, Dixon from 20.55% to 17.87%. Only Syrma gained, from 6.34% to 7.52%.

Indian institutions took the other side at four: up at Amber from 17.82% to 30.55%, at Syrma from 9.15% to 15.9%, at PG Electroplast from 18.1% to 23.89%, at Dixon from 26.69% to 28.39%.

Kaynes is the exception. Indian institutions there nearly halved as well, from 22.4% to 11.78%. The public’s share more than doubled, from 13.37% to 28.93%, and the number of shareholders went from 224,620 to 449,428. Over the year to 1 October 2026 its share price fell 52.5%. The funds sold; individual investors bought.