Stocks with little say in benchmark Nifty saw strong buying interest from mutual funds (MFs) in September quarter, as the hunt for value intensified on Dalal Street.
These DIIs hiked stakes in 17 Nifty companies by at least 100 basis points this past quarter, even when 14 of these stocks have failed to match the index’s 10 per cent return so far in Calendar 2019. These stocks mostly included Nifty non-heavyweights.
