Mutual funds chose to play it safe with Hindenburg-hit Adani stocks in February by paring stakes in 4 of them. At the same time, money managers were seen showing faith in the path to profitability of new-age tech stocks like Zomato and Paytm.
During the month, MFs offloaded stakes in Adani Ports, Adani Enterprises, Adani Total Gas and Ambuja Cements. These 3 Adani stocks were among the top 10 sells of mutual funds among largecaps in February, shows market data from ICICI Direct Research.
