5 Stocks Where Mutual Funds Raised Stakes for 4 Straight Quarters
When institutions keep increasing stakes in companies, it could be a sign that they are confident in the company’s prospects. This could also be a sign that mutual funds think this is a sign of a strong bull market.
The stock in which MF holding has gone up the most is Matrimony.com, which is an online company. This shows that MFs have been bullish on this sector long before Zomato.
Here are the top 5 stocks that MFs have increased stakes in for the past one year:
- Matrimony.Com Ltd (NS:MATI)
End of September 2020: 3.83%
End of December 2020: 10.26%
End of March 2021: 11.12%
End of June 2021: 13.38%
Closing price on September 30, 2020: Rs 664.8
Closing price on August 10, 2021: Rs 1089.9
Percentage difference: Up 64%
- Birlasoft Ltd (NS:BIRS)
End of September 2020: 8.97%
End of December 2020: 14.54%
End of March 2021: 15.38%
End of June 2021: 16.09%
Closing price on September 30, 2020: Rs 195.2
Closing price on August 10, 2021: Rs 411.5
Percentage difference: Up 111%
- Greenply Industries Ltd (NS:GRPL)
End of September 2020: 23.8%
End of December 2020: 25.6%
End of March 2021: 27.25%
End of June 2021: 30.78%
Closing price on September 30, 2020: Rs 83.9
Closing price on August 10, 2021: Rs 177.7
Percentage difference: Up 112%
End of September 2020: 24.75%
End of December 2020: 27.69%
End of March 2021: 27.9%
End of June 2021: 31.48%
Closing price on September 30, 2020: Rs 292.35
Closing price on August 10, 2021: Rs 466
Percentage difference: Up 59%
- Mphasis Ltd (NS:MBFL)
End of September 2020: 9.65%
End of December 2020: 11.43%
End of March 2021: 12.34%
End of June 2021: 13.62%
Closing price on September 30, 2020: Rs 1,383.45
Closing price on August 10, 2021: Rs 2,705
Percentage difference: Up 96%
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