With the markets continuously declining for the past 6 months, and a decline of over 16 percent from Nifty’s high of 26,277 in September last year to a recent low of 21,964. The total market cap of NSE-listed stocks had fallen from 477.93 Lakh crores to 382.71 lakh crores, reducing the investors’ wealth by 95.22 lakh crores. Mutual Funds have been continuously absorbing the FPIs’ selling and buying Quality Companies at Valuations far cheaper than previously available
Here is the List of stocks that saw the most Buying from Mutual Funds in February:
1. HDFC Bank
HDFC Bank is India’s largest private-sector bank, known for its strong financial performance, extensive branch network, and digital banking solutions. Mutual funds bought Stake worth Rs 6,000 Crores in February. They currently own 23.93 percent of the total shares in the Company.
2. Hexaware Technologies
Hexaware Technologies is a global IT services and consulting company specializing in digital transformation, cloud computing, automation, and business process outsourcing (BPO). Mutual funds bought Stake worth Rs 4,200 Crores in February. They currently own 8.25 percent of the total shares in the Company.
3. Tata Consultancy Services
Tata Consultancy Services (TCS) is a leading global IT services, consulting, and business solutions provider and a subsidiary of the Tata Group. Mutual funds bought Stake worth Rs 3,900 Crores in February. They currently own 4.3 percent of the total shares in the Company.
4. Ultratech Cement
UltraTech Cement Limited is India’s largest and one of the world’s leading cement manufacturers. A subsidiary of the Aditya Birla Group, the company is known for its extensive production capacity and high-quality cement used in infrastructure, residential, and commercial construction projects. Mutual funds bought Stake worth Rs 2,400 Crores in February. They currently own 12.26 percent of the total shares in the Company.
5. Kotak Bank
Kotak Mahindra Bank is one of India’s leading private-sector banks, known for its comprehensive range of financial products and services. It offers retail and corporate banking, wealth management, investment banking, insurance, and asset management solutions. Mutual funds bought Stake worth Rs 2,300 Crores in February. They currently own 17.44 percent of the total shares in the Company.
Also read: Market leader stock to buy now for an upside potential of more than 20%; Do you own it?
6. Axis Bank
Axis Bank is one of India’s largest private-sector banks, offering a wide range of financial products and services to individuals, businesses, and corporations. It provides retail and corporate banking, loans, credit cards, wealth management, and digital banking solutions. Mutual funds bought Stake worth Rs 1,900 Crores in February. They currently own 29 percent of the total shares in the Company.
7. Power grid
Power Grid Corporation of India Limited (POWERGRID) is a state-owned company responsible for transmission and distribution of electricity across India. It operates the country’s interstate and interregional power transmission network, ensuring reliable and efficient electricity supply. Mutual funds bought Stake worth Rs 1,800 Crores in February. They currently own 12.10 percent of the total shares in the Company.
8. Larsen & Toubro
Larsen & Toubro (L&T) is a leading Indian multinational conglomerate with a strong presence in engineering, construction, infrastructure, technology, and financial services. Mutual funds bought Stake worth Rs 1,700 Crores in February. They currently own 19.68 percent of the total shares in the Company.
9. ICICI BANK
ICICI Bank is one of India’s largest private-sector banks, offering a comprehensive range of financial services to individuals, businesses, and corporations. Mutual funds bought Stake worth Rs 1,700 Crores in February. They currently own 29.50 percent of the total shares in the Company
10. Varun Beverages
Varun Beverages Limited (VBL) is one of the largest franchisees of PepsiCo globally, responsible for manufacturing, bottling, and distributing PepsiCo’s beverages in India and several international markets. Mutual funds bought Stake worth Rs 1,600 Crores in February. They currently own 29.50 percent of the total shares in the Company.
Written By Abhishek Das
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