Mutual funds made aggressive bets on a mix of power, banking, and other stocks in September, with Adani Power emerging as the most-bought stock, according to a JM Financial strategy note.
The power generator saw net buying worth a massive Rs 6,024.2 crore from fund managers. Following closely were private banking giants ICICI Bank with net buys of Rs 3,957.6 crore and Kotak Mahindra Bank at Rs 3,898.8 crore. Notably, unlisted entity Eternal also featured in the top picks, attracting Rs 3,314.5 crore. Advertisement
Other notable buys in September included Titan (Rs 3,088.8 crore), Interglobe Aviation (Rs 3,056.8 crore), Cohance Lifesciences (Rs 2,533.8 crore) and Max Healthcare (Rs 2,029 crore), forming part of a dozen stocks that drew significant interest from fund managers.
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