New Delhi, Oct 22 (TIWN) The ownership of foreign institutional investors (FII) in Reliance Industries Limited (RIL) has hit new highs and stood at 27.2 per cent, up 60 basis points quarter on quarter as per the September quarter shareholdings.

FIIs hiked their stake in RIL from 24.7 per cent to 25.2 per cent as on September 30, 2020. More than 160 new FIIs bought RIL shares in Q2, taking the number of FIIs to 1631.  As per a research by JP Morgan, FIIs continued the sell-down in steel, and other energy stocks, with base metals the only stocks where it saw FII holdings increase.  The report said RIL FII holdings hit new highs while MFs sold down for second straight quarter. As has been the case now for two years, FII's stakes in RIL hit new highs and increased by 60bps quarter on quarter, the report said.