Retail investors always closely monitor mutual fund investments in the market because they invest in large amounts that might affect stock price movements. Furthermore, because it is difficult for retail investors to collect all relevant information about a firm, they tend to rely on the activities of institutional funds, particularly mutual funds, to make investment decisions.
Here are four stocks that Mutual Funds have consistently raised stakes up to 18.5% in four quarters.
TeamLease Services Ltd
TeamLease Services shares were trading at Rs 2,660.90 per share on Wednesday, up 0.43 percent from the previous close.
Mutual funds have consistently raised their stake in the company by 10.07 percent in the last four quarters,i.e.,15.58 percent in Q2FY22-23, 19.18 percent in Q3FY22-23, 20.81 percent in Q4FY22-23, and 24.92 percent in Q1FY23-24.
Foreign institutional investors hold 32.86 percent of the company as of the June quarter of fiscal year 23-24.
Team Lease Services offers employment services. It offers personnel, recruiting, training, payroll processing, and regulatory compliance solutions.
Kirloskar Pneumatic Company Ltd
Kirloskar Pneumatic Company shares were trading at Rs 615.10 per share on Wednesday, up 0.67 percent from the previous close.
Mutual funds have consistently raised their stake in the company by 9.25 percent in the last four quarters,i.e.,24.6 percent in Q2FY22-23, 24.8 percent in Q3FY22-23, 25.13 percent in Q4FY22-23, and 26.28 percent in Q1FY23-24.
Foreign institutional investors hold 0.4 percent of the company as of the June quarter of fiscal year 23-24. Kirloskar Pneumatic Company is engaged in the business of Compression and transmission segments.
Sapphire Foods India Ltd
Sapphire Foods India shares were trading at Rs 1,449.30 per share on Wednesday, down 0.57 percent from the previous close.
Mutual funds have consistently raised their stake in the company by 18.5 percent in the last four quarters,i.e.,9.82 percent in Q2FY22-23, 18.18 percent in Q3FY22-23, 20.9 percent in Q4FY22-23, and 22.62 percent in Q1FY23-24.
Foreign institutional investors hold 18.66 percent of the company as of the June quarter of fiscal year 23-24. In the preceding six months, the Company’s stock grew by 15 percent, and in the last year, it has increased by 5 percent.
Sapphire Foods is the largest restaurant operator with over 400 KFC, Pizza Hut, and Taco Bell locations in India, Sri Lanka, and the Maldives.
Delhivery Ltd.
Delhivery shares were trading at Rs 439.75 per share on Wednesday, down 0.07 percent from the previous close.
Mutual funds have consistently raised their stake in the company by 7.41 percent in the last four quarters,i.e.,6.95 percent in Q2FY22-23, 11.12 percent in Q3FY22-23, 12.63 percent in Q4FY22-23, and 14.1 percent in Q1FY23-24.
Foreign institutional investors hold 65.57 percent of the company as of the June quarter of fiscal year 23-24. In the last six months, the Company’s stock grew by 30 percent, and on a year-to-date basis, it has increased by 32 percent.
Delhivery offers a comprehensive variety of Logistics services as well as value-added services like e-commerce return services, payment collecting and processing, installation and assembly services, and fraud detection.
Written by Omkar Chitnis
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