Popular beaten-down stocks attracted big money from institutional investors on Dalal Street in October, when the domestic equity market was facing severe pressure due to rising crude oil prices, a depreciating rupee and uncertainty in the credit market following a default by IL&FS.
For instance, domestic mutual fund houses added some 7.67 crore shares of Coal India even as the stock declined over 7 per cent between August 29 and October 31. HDFC AMC, ICICI Prudential AMC, and Relian ..
