January 29, 2024
admin
During Q3 2023-24, mutual funds (MFs) increased their stake by as much as 10 percentage points in 10 stocks,
The list is given below for Chanakya Readers:
India Shelter Finance Corporation: Recently-listed India Shelter Finance Corporation has recorded the biggest surge in MF shareholding in Q3FY24. MFs bought a 9.93% stake in this housing finance company.
Computer Age Management Services: MFs’ stake in CAMS surged 7.47 percentage points in Q3 to 11.25% from 3.78% in Q2FY24.
Fortis Healthcare saw a 6.55 percentage point jump in shareholding from MFs. The stake jumped from 18.49% to 25.04% in a quarter.
TeamLease Services: The firm witnessed a 5.18 percentage point rise in shareholding from MFs. Mutual fund ownership stake has increased from 27.91% in Q2 to 33.09% in Q3.
Happy Forgings: MFs bought 5.14% stake in Q3. Previously, MFs had no stake in this stock.
Petronet LNG: It saw a 5.08 percentage point jump in MF shareholding. Their stake increased from 4.84% to 9.92% in a quarter.
Fusion Micro Finance, Arman Financial Services, and JK Tyre & Industries: These firms have also seen MFs raise their stake by 5.06 percentage points, 4.65 percentage points, and 4.46 percentage points, respectively, in Q3.
Quicklinks
- Staffavailable.com
- BigGaddi.com
- ChanakyaMFGuidance.com
- Magajmari.com
- AnalysisLibrary.com
- Calls for the Day
