Everyone is eager to know what the mutual fund managers bought & sold but mostly keen to know what they actually bought. So, let’s know more about the stocks that attracted fund managers in December 2020. 

The construction arm of Larsen & Toubro Limited has bagged an order from Rail Vikas Nigam Limited (RVNL) for package 4 of the new broad-gauge line between Rishikesh and Karnaprayag in the state of Uttarakhand, India. The announcement was made soon after the market opened on Monday.  

The cash consideration will be funded through internal accruals and debt of up to Rs 300 crore. It will also issue up to 4,95,000 equity on a preferential basis. 

Interestingly, on December 18, 2020, the stock had witnessed a ‘golden crossover’, which is considered a long-term bullish sign. In technical parlance, the golden crossover occurs when a short-term 50-day simple moving average crosses above the long-term 200-day simple moving average on any indices or stocks.

The stock of HDFC Asset Management Company Limited has formed a hammer candlestick pattern as on September 25, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. The stock has witnessed over 62 per cent upside momentum from the low of Rs 2,070.05, which was registered on September 25, 2020.

Indian Railway Finance Corporation, a dedicated market borrowing arm of the Indian Railways, is hitting the primary capital market with its IPO. Read on to find out whether you should subscribe to the issue or not. 

New Fund Offers (NFO) that are open for subscription.

L&T Infotech (LTI) announced on Thursday after the market hours that it is charting to expand its multi-year global alliance with IBM in order to help businesses transform their operations via open hybrid cloud adoption.

Maruti Suzuki India Limited on Friday announced the launch of its online financing platform named ‘Smart Finance’ for its Maruti Suzuki ARENA customers across more than 30 cities.  

The company has bagged orders for over 26,000 wheels amounting to EUR 2,06,000, which is to be executed in the month of March 2021 from its Chennai plant.