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  • News From Press Domestic fund managers up stake in beaten-down stocks, shows data

    Domestic fund managers up stake in beaten-down stocks, shows data

    According to the shareholding data sourced from Capitaline, MFs have raised stake in 233 companies that saw such steep corrections during the March quarter
    Business Standard Jun 8, 2020

    Domestic fund managers have raised stake in 46 per cent of the BSE 500 companies that have seen 15-70 per cent correction in their stock prices in the March quarter. According to the shareholding data sourced from Capitaline, MFs have raised stake in 233 companies that saw such steep corrections during the March quarter. Companies, which have seen a sharp jump in MFs’ stake included CARE Ratings, where their stake has increased by 515 basis points (bps); its stock corrected 48 per cent in the March quarter.

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