BANGALORE, Aug 20: Warehousing is the new buzzword for investors. With pivotals languishing and opportunities to book profits on the wane, investors are now seeking greener pastures in scrips which have attracted heavy institutional buying.``Warehousing'' is a phenomenon whereby operators corner floating stocks of a particular scrip and hold on to them for a particular period to book profits. This is particularly evident when the trading volumes jump suddenly or there is a lack of shares. The trend which was predominant in the 1992 boom days had taken a backseat due to the prolonged impasse in the capital markets.The post 1992 scenario saw the increased presence of institutions and foreign institutional investors (FIIs). Both FIs as well as FIIs are the dominant players in the capital market today with huge number of purchases. The insitutions have not confined their presence to the capital market but also to the boardrooms of many companies. In fact, in many a company they have a major say in the day-to-day affairs.The FIIs and FIs having satiated their appetite for pivotals are now eyeing bank scrips and some companies with strong fundamentals. According to marketmen the paradigm shift to bank scrips by FIIs comes at a time when most of the banks are going public.Global Trust Bank is one example of this, point out a leading Banglore-based broker. The bank has in the past one week attracted strong buying with prices firming up to Rs 58 from Rs 38 on Aug 11. The volumes have also gone up to 21,400 on Tuesday from 100 on Aug 11. This is a clear case of warehousing, maintains an investment analyst based in Bangalore.Till last week the voulmes in the scrip were nothing to crow about. But in the last two days it has been 12,900 and 21,400 showing heavy unloading by investors
