Domestic mutual funds (MFs) turned aggressive buyers in June even as the markets hit new highs. After sitting on the sidelines in May, equity fund managers pumped in Rs 6,437 crore into domestic stocks.
Auto component manufacturer Sona BLW topped the buy list with an investment of Rs 2,469 crore, mainly in its maiden offering. The stock currently trades nearly 40 per cent above its IPO price. TVS Motors, ITC, HDFC Bank, Reliance Industries and ICICI Bank saw net MF buying of more than Rs 1,000 crore each, shows analysis done by Edelweiss On the other hand, Infosys topped the sell list. ...
