Mutual Fund Update: Top 5 stocks that MFs sold
Mutual funds are institutional investors, the buying and selling transaction of fund houses happen in huge numbers which also affects the stock prices in some or the other way. People tend to follow the mutual funds or fund manager on which stocks they sold and which stocks they bought. So below are the top 5 stocks which witnessed selling pressure from mutual funds in the month of November 2018.
Stock Name | Sector | Market Cap | Net Qty Sold | Approx. Sell Value (In crore) |
Tata Steel Ltd. | Metals | Large-Cap | 2,13,33,869.00 | 1,112.57 |
Maruti Suzuki India Ltd. | Automobile and Ancillaries | Large-Cap | 14,46,071.00 | 1,032.34 |
Housing Development Finance Corporation Ltd. | Financials | Large-Cap | 50,68,483.00 | 952.36 |
Dalmia Bharat Ltd. | Construction | Mid-Cap | 32,34,738.00 | 679.52 |
GAIL (India) Ltd. | Energy | Large-Cap | 1,63,34,882.00 | 585.86 |
So purely in value terms, the stock that experienced selling pressure from mutual funds are Tata Steel, Maruti Suzuki and HDFC. The sector which witnessed the highest selling from mutual funds is financial sector with approximate sell value of Rs. 2,746.79 crore followed by healthcare with approximate sell value of Rs. 1,739 crore. If we look at the selling pressure in the market-cap terms, large-cap stocks saw the highest selling with approximate sell value of Rs. 8,837.9 crore, followed by mid-cap with approximate sell value of Rs. 2,667.64 crores.