Mutual funds increased their stake in Infosys Ltd in August, when the company witnessed a whirlwind of developments with exit and reappointments at the top level, which led to steep volatility in the stock.
The country’s third-largest software services exporter was the third-most bought stock by mutual funds in August as they raked up a net of Rs1,527 crore of its shares in the month. NTPC Ltd and Housing Development Finance Corp. Ltd, were the top buys in the month by domestic asset managers, preceding Infosys.
