The Indian stock market has been highly volatile over the past six months, with Nifty 50 declining nearly 14 percent from its peak in September 2024, wiping out over USD 1 trillion in market capitalization. Amid this turbulence, mutual funds have been actively reshuffling their portfolios, both accumulating and trimming positions where necessary.
Here’s a look at the mid-cap stocks that saw the highest mutual fund interest in February.
Yes Bank
Yes Bank is an Indian commercial bank focused on providing retail banking and asset management services to corporate and retail customers.
The company saw a 33.4 percent month-on-month increase in mutual fund holdings. The stock is currently 41 percent down from its 52-week high of Rs 28.50.
IDFC First Bank
IDFC First Bank is a universal bank providing a wide range of services, including MSME, retail, rural, startup, and corporate banking. It also offers wealth management, cash management, and government banking.
The company saw an 18.1 percent month-on-month increase in mutual fund holdings. The stock is currently 34 percent down from its 52-week high of Rs 86.08
Prestige Estates Projects Limited
Prestige Estates is a real estate developer engaged in developing realty projects across the residential, office, retail and hospitality segments.
The company saw a 15.2 percent month-on-month increase in mutual fund holdings. The stock is currently 42 percent down from its 52-week high of Rs 2,072.75.
Bandhan Bank
Bandhan Bank is the first microfinance institution in the country to transition into a universal bank. Through its Banking Unit (BU) outlets, it offers a diverse range of loans and supports small business owners.
The company saw a 12.5 percent month-on-month increase in mutual fund holdings. The stock is currently 33 percent down from its 52-week high of Rs 222.30.
AU Small Finance
AU Bank offers a variety of asset and liability products, including savings accounts, fixed deposits, current accounts, ATMs, lockers, and recurring deposits. The bank also provides asset-backed loans such as MSME loans and vehicle loans.
The company saw a 10.6 percent month-on-month increase in mutual fund holdings. The stock is currently 24 percent down from its 52-week high of Rs 755.
Housing & Urban Development Corporation Ltd
HUDCO is a leading public financial institution, primarily focused on funding and promoting housing and urban development projects across the country.
The company saw a 35.8 percent month-on-month decline in mutual fund holdings. The stock is currently 43 percent down from its 52-week high of Rs 353.95.
Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Limited (MDL), an eminent public sector undertaking under the Ministry of Defense. It is integral to the fabrication of warships and submarines.
The company saw a 13.1 percent month-on-month decline in mutual fund holdings. The stock is currently 9 percent down from its 52-week high of Rs 2,929.98.
Voltas
Voltas, owned by Tata is an air conditioning company, providing a wide range of cooling and home appliances, like air conditioners, AC stabilizers, coolers, air purifiers, refrigerators, washing machines, and water heaters.
The company saw a 7.4 percent month-on-month decline in mutual fund holdings. The stock is currently 27 percent down from its 52-week high of Rs 1,946.20.
Muthoot Finance
Muthoot Finance Ltd, India’s largest gold loan NBFC, also provides various other financial services, including different types of loans, insurance, money transfer services, and the sale of gold coins.
The company saw a 6.2 percent month-on-month decline in mutual fund holdings. The stock is trading 5 percent down from the 52-week high of Rs 2,444.65.
UPL
UPL Ltd is engaged in the business of industrial chemicals, agrochemicals, specialty chemicals, chemical intermediates, and the production and sale of field crops and vegetable seeds.
The company saw a 6.2 percent month-on-month decline in mutual fund holdings. The stock is currently 2 percent down from its 52-week high of Rs 671.
Written by Shwetha Sairam
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