New-age consumer technology stocks continued to grab eyeballs among Dalal Street investors, even as pre-IPO investors continued to book profits in some of the names. The latest shareholding data showed that mutual funds as well as foreign institutional investors increased stakes in five out of the six listed companies in the December quarter. Further, in four of these companies, mutual funds have increased their holdings for the third consecutive quarter.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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