Betting Big! MFs raise stake in 30 stocks for 3 straight quarters, 11 turn multibaggers
Barring two companies – Balrampur Chini Mills and Shree Cement – rest of the stocks have given atleast double-digit returns so far in the current financial year.
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Barring two companies – Balrampur Chini Mills and Shree Cement – rest of the stocks have given atleast double-digit returns so far in the current financial year.
Interestingly, several public sector companies have found them in this list and these stocks have more than doubled retail investors money in the last 10 months.
The big gainers among sectors in the last one year were realty, PSUs, infrastructure, auto, pharma and energy stocks, registering a rally between 38 percent and 100 percent
Ace investor Dolly Khanna added multibagger JKumar Infraprojects, Ujjivan Financial Services, and Zuari Industries to her portfolio. She bought 1% stake in JKumar Infraprojects, 1.13% in Ujjivan Financial Services, and 1.23% in Zuari Industries. Khanna also trimmed her stake in Chennai Petroleum Corporation. Her portfolio, managed by her husband Rajiv Khanna, includes 18 stocks with a net worth of over Rs 513 crore.
Despite selling by mutual funds and foreign investors, Allcargo Terminals, PC Jeweller, and MSTC saw significant returns in the last quarter. Allcargo Terminals' stock hit a lifetime high with 102% returns and a decrease in mutual fund holding from 1.30% to 0.55% and FII holding from 8.22% to 7.61%. PC Jeweller gave 123% returns with MFs exiting the company and FIIs reducing their holding.