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U-Turn! MFs turn buyers in these 5 stocks in March after 4 months of consistent selling

April 20, 2024
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Profit Taking?
Around 24 stocks witnessed continuous selling by mutual funds over the past four months (November 2023 to February 2024) but saw a turnaround when the fund houses turned to buying in March. Here’s a look at 5 such stocks: (Source: Elara Capital)

ETMarkets.com

Mahindra & Mahindra
The stock witnessed continuous MF selling from November 2023 to February 2024. The total selling in four months was Rs 3,180 crore. But MFs turned buyers in March as they lapped up shares worth Rs 139 crore. The buying as a percentage of selling was 4%.

ONGC
The stock saw a total MF selling of Rs 2,748 crore from November 2023 to February 2024. The total buying in March was Rs 330 crore. The buying as a percentage of selling was 12%.

ETMarkets.com

Bharat Electronics
The stock witnessed continuous MF selling from November 2023 to February 2024 to the tune of Rs 2,327 crore. The buying by MFs in March was of Rs 358 crore. The buying as a percentage of selling was 15%.

ETMarkets.com

Cholamandalam Investment

5/6

Cholamandalam Investment

The stock saw continuous MF selling of Rs 2,058 crore in four consecutive months. The total buying in March was of Rs 53 crore. The buying as a percentage of selling was 3%.

ETMarkets.com

Hindustan Unilever
The stock saw continuous selling by MFs worth Rs 1,569 crore from November 2023 to February 2024. The total buying in March by MFs was Rs 8 crore. This buying as a percentage of selling was 0%.



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