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India s biggest money manager shuffled allocations within the PSU pack in March

India s biggest money manager shuffled allocations within the PSU pack in March SECTIONS Share Synopsis SAIL shares have been in heavy demand recently, as steel companies hiked prices on the back of a rise in commodity prices and heightened demand. In the last one year, the scrip has gained 235 per cent. Some analysts say it is too late for an investor to get into metals. ThinkStock Photos SBI MF also bought 10-23 lakh shares of Gujarat State Petronet, SBI Cards and Payment Services, Vedanta, Muthoot Finance, Tata Power Company and AIA Engineering during the month. Related NEW DELHI: The buy-sell data of SBI Mutual Fund for March shows a shift in portfolio allocation to one quarter of public sector companies from another amid a cyclical shift in the economy.

fund managers: Mutual funds buy select tech, pharma and auto ancillary

Bought by: SBI MF Besides the qualified institutional placement (QIP), a key factor which has caught fund manager’s attention towards the stock of Max Healthcare is its buying of 42.8 per cent stake in Saket City Hospitals (South Delhi) from Kayak Investments Holding. The company already had 57.2 per cent in Saket City Hospitals. This increase in stake has come at a time India’s healthcare sector is growing given the increasing demand for beds and other ailments associated with the pandemic. The company has 16 healthcare facilities. Analysts estimate that the company is likely to maintain its return on capital employed in the range of 24-25 per cent for the next one year given its strong presence in metros, relatively high free cash flows and improving occupancy levels.

Yes Bank, SBI Cards top bought large cap stocks for MFs in March

Yes Bank, SBI Cards top bought large cap stocks for MFs in March ​ By IANS | ​ 2 Views   New Delhi: A branch office of Yes Bank after it resumed full-fledged banking operations, in New Delhi on March 18, 2020. There were initial glitches with customers complaining of problems in using online banking services and the mobile app.The 13-day. Image Source: IANS News Mumbai, April 13 : As equity linked mutual funds schemes witnessed net inflows for the first time in nine months in March, Yes Bank, SBI Cards and Payment Services, and Havells India Ltd were among the the top bought stocks in large cap by mutual funds last month.

Stocks to watch: Barbeque Nation, RIL, Airtel, Tata Steel, Inox Leisure

Stocks to watch: Barbeque Nation, RIL, Airtel, Tata Steel, Inox Leisure
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