One of the most important shareholding movements tracked by a majority of the analysts includes that of Foreign Institutional Investors (FIIs), Mutual Funds, and many more. The same builds the confidence of investors, especially retail investors, in the stocks gaining traction from such institutions.
Listed below are three stocks under the portfolio of Mr. Mukesh Ambani which witnessed an increase of stake by Mutual Funds in Q3FY24, i.e., during the quarter ended December 2023:
Reliance Industries Limited
With a market capitalization of Rs 19.59 lakh crores, the stocks of Reliance Industries Limited, one of the well-known conglomerate companies based in India, closed at Rs 2,896.15 on Monday, gaining a whopping 7 percent as compared to the previous closing levels of Rs 2,710.35 apiece.
Having a glance at the recent shareholding data, Mutual Funds increased their stake in the company by approximately 0.41 percent, viz, from 6.56 percent holding during the September 2023 quarter to 6.97 percent holding during the quarter ended December 2023.
Network18 Media & Investments Limited
With a market capitalization of Rs 12,236.73 crores, the stocks of Network18 Media & Investments Limited, engaged in activities spanning across digital content, print, and other allied businesses, closed at Rs 116.88 on Monday, slipping around 3.20 percent as compared to the previous closing levels of Rs 120.76 apiece.
Having a glance at the recent shareholding data, Mutual Funds increased their stake in the company by approximately 0.49 percent, viz, from 0.04 percent holding during the September 2023 quarter to 0.53 percent holding during the quarter ended December 2023.
Just Dial Limited
With a market capitalization of Rs 7,167.89 crores, the stocks of Just Dial Limited, the market leader in local search engine segment in India, closed at Rs 843 on Monday, a flat movement as compared to the previous closing levels of Rs 842.20 apiece.
Having a glance at the recent shareholding data, Mutual Funds increased their stake in the company by approximately 1.14 percent, viz, from 7.67 percent holding during the September 2023 quarter to 8.81 percent holding during the quarter ended December 2023.
Written by Amit Madnani
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