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1 / 11Mutual funds sold shares across large, mid, and small-cap stocks in February, according to a recent report by Nuvama Alternative and Quantitative Research. Stocks like IndusInd Bank, InterGlobe Aviation, Bajaj Finance, and ITC Hotels were among the top 10 stocks offloaded by fund houses last month. Here’s a look at some of these names.
2 / 11IndusInd Bank | The Mumbai-based private lender features on top of the list of stocks which were sold the most by Mutual Funds last month. Mutual Funds sold shares worth ₹1,600 crore last month, according to the Nuvama report. Funds currently own 30.31% stake in IndusInd Bank at the end of the December quarter. The stock is down 57% from its recent peak of Rs 1,576.35.
3 / 11Interglobe Aviation | Mutual Funds sold shares worth ₹1,300 crore last month, according to the Nuvama report. Funds currently own 14.51% stake in Interglobe Aviation at the end of the December quarter. The stock is down 7% from its recent peak of Rs 5,035.
4 / 11Bajaj Finance | Mutual Funds sold shares worth ₹1,300 crore last month, according to the Nuvama report. Funds currently own 9.52% stake in Bajaj Finance at the end of the December quarter. The stock is down 3% from its recent peak of Rs 8,739.
5 / 11ITC Hotels | Mutual Funds sold shares worth ₹900 crore last month, according to the Nuvama report. Funds currently own 7.4% stake in ITC Hotels at the end of the December quarter. The stock is down 6% from its recent peak of Rs 180.
6 / 11Cholamandalam Investment | Mutual Funds sold shares worth ₹800 crore last month, according to the Nuvama report. Funds currently own 13.37% stake in Cholamandalam Investment at the end of the December quarter. The stock is down 12% from its recent peak of Rs 1,652.
7 / 11Shriram Finance | Mutual Funds sold shares worth ₹700 crore last month, according to the Nuvama report. Funds currently own 10.51% stake in Shriram Finance at the end of the December quarter. The stock is down nearly 15% from its recent peak of Rs 730.45.
8 / 11Power Finance Corporation | Mutual Funds sold shares worth ₹600 crore last month, according to the Nuvama report. Funds currently own 11.57% stake in Power Finance Corporation at the end of the December quarter. The stock is down 32% from its recent peak of Rs 580.
9 / 11Voltas | Mutual Funds sold shares worth ₹600 crore last month, according to the Nuvama report. Funds currently own 21.40% stake in Voltas at the end of the December quarter. The stock is down 27% from its peak of Rs 1,944.90.
10 / 11Info Edge (India) | Mutual Funds sold shares worth ₹600 crore last month, according to the Nuvama report. Funds currently own 11.15% stake in Info Edge (India) at the end of the December quarter. The stock is down 30% from its recent peak of Rs 9,128.90.
11 / 11Wipro | Mutual Funds sold shares worth ₹500 crore last month, according to the Nuvama report. Funds currently own 4.29% stake in Wipro at the end of the December quarter. The stock is down 18% from its recent peak of Rs 324.60.
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