The collection of stocks has had a tumultuous Q3, with some bouncing back and others taking hard hits.
Mutual funds have been actively trading in these ten stocks ahead of their respective Q3 results
1.Tracking MF Trade
In December 2022, mutual funds poured Rs 14,700 crore into the Indian secondary market, when FIIs sold Rs 6,300 crore. Moreover, the key additions by MFs in December were in HDFC, Reliance Industries, and Maruti Suzuki, whereas they trimmed holdings in Axis Bank and ICICI Bank. Furthermore, here is a list of stocks that mutual funds bought and sold ahead of Q3 results, according to a report by Nuvama Institutional Equities:
2. HDFC
In December, mutual funds made a substantial purchase of 91 lakh shares in HDFC. As such, their overall ownership in the private lender dramatically augmented to 21.92 crore units by the end of that month.
3. Reliance Industries
In December, AMCs acquired 74 lakh shares of Reliance Industries resulting in their stake in the company rising to 37.9 crore units by the end of last month.
4. Maruti Suzuki
In December, mutual funds aggressively purchased 20 lakh shares of India’s preeminent car manufacturer Maruti Suzuki. Consequently, their total stake in the company escalated to 3.46 crore units by last month’s close.
5.Kotak Mahindra Bank
Last December, mutual funds acquired 81 lakh shares of Kotak Mahindra Bank, raising the total number of holdings in the company to 19.69 crore units by month’s end.
6.Bajaj Finance
In December, AMCs acquired an impressive 1.1 million shares of Bajaj Finance, thus increasing their overall stake to 54.9 million units before the close of last month.
7.Axis Bank
Last December, mutual funds divested 1.42 crore shares from Axis Bank, resulting in a decrease in their total ownership to 67.86 crore units at the end of that month.
8.HCL Technologies
In December, Asset Management Companies dramatically cut their holdings in HCL Technologies by 80 lakh shares. As a result of this transaction, their portfolio ownership of the company decreased to 24.14 crore units at the end of December.
9.ICICI Bank
In the month of December, AMCs made an impressive sale of 64 lakh shares in ICICI Bank. This caused their overall holding of said company to decrease to 160.96 crore units by the end of last month – a significant milestone
10.Dr Reddy’s Lab
In December, mutual funds disposed of 13 lakh shares of Dr. Reddy’s Lab, ultimately resulting in their total holdings decreasing to 18.1 crore units by the end of that month.
