Penny Stock Suzlon jumps 10 per cent; hits 52-week high! Here are top 3 mutual funds to benefit from Suzlon surge!
The stock has a RS rating of 80 which is good, indicating the outperformance as compared to other stocks.
Suzlon, since its inception, has been synonymous with green energy. Over the last two decades, it has carved for itself, opportunities in the seemingly unyielding face of challenges, to achieve many milestones.
The stock is abuzz with activity on Monday as it has jumped nearly 10 per cent and with this it has logged a fresh 52-week high on the bourses. The total traded volume for the day is inching closer to 36 crore mark, which is greater than its prior trading session and above average.
Technically, the stock looks strong as it is trading at 52-week high and it is trading above its important short- and long-term moving averages i.e. 20, 50, 100 and 200-DMA. The stock has a RS rating of 80 which is good, indicating the outperformance as compared to other stocks. The daily MACD is pointing northward while sustaining above its nine periods average, thus validating positive bias in the stock. The stock is clearly uptrend and the trend strength is extremely high. The Average Directional Index (ADX), which shows trend strength, is as high as 39.47 on a daily chart and 25.06 on a weekly chart. Generally, above 25 levels is considered as a strong trend. In both time-frames, the stock is meeting the criteria.
Here is an interesting insight, the stock a saw good institutional activity in the month of November as many of the mutual funds were seen adding or fresh buying to their holding and here are the complete details as follow:
| MF Schemes |
AUM % |
Shares Held |
Monthly Change in Holding |
Monthly Change in Shares % |
Absolute Return % |
Category Avg % |
| Quant Small Cap Fund Growth |
0.7 |
1,95,00,000 |
1,95,00,000 |
100 |
5.4 |
1.48 |
| SBI Nifty Smallcap 250 Index Fund Regular Growth |
0.7 |
10,32,318 |
2,18,892 |
26.91 |
3.4 |
0.16 |
| Motilal Oswal Nifty Smallcap 250 Index Regular Growth |
0.7 |
25,33,098 |
1,20,732 |
5 |
3.4 |
0.16 |
Quant Small Cap Fund made a fresh entry in the stock of Suzlon Energy in the month of November by adding nearly 1.95 crore shares of the company. The fund has delivered an absolute return of 5.4 per cent in the last one month against category average of 1.48 per cent. On the other hand, SBI Nifty Smallcap 250 Index Fund and Motilal Nifty Smallcap 250 Index Fund bought 2.19 lakh and 1.21 lakh shares of the company and they have delivered 3.4 per cent return in the last one month compared to average category of 0.16 per cent.
Interestingly, the allocation of stock in all the three mutual funds stands at 0.7 per cent of the total AUM.
Have you invested in any of these mutual fund schemes? Let us know in the comment section.