BSE, Paytm to NALCO: Top mid-cap and small-cap stocks that mutual funds bought and sold in April
April proved to be a good month for the Indian equity markets, as both mutual funds and foreign investors ploughed in significant funds, sending the benchmark indices — Sensex and Nifty — 4% higher.
Mutual funds bought ₹ 17,000 crore worth of stocks in the Indian secondary market, alongside ₹ 10,400 crore FII buying, showed a report by Nuvama Alternative & Quantitative Research.
Within the mid-cap and small-cap space, some of the notable names that saw significant buying and selling by mutual fund houses include Paytm, BSE, NALCO, Coforge and Voltas, among others.
From the mid-cap space, key buying was seen in Lupin, Coforge, Colgate-Palmolive, PI Industries and Persistent Systems, according to data from Nuvama Research.
The mid-cap pharma stock was among the top buy of ICICI Prudential Mutual Fund, Quant Mutual Fund and HDFC Mutual Fund in the month of April. MFs' stake in Lupin increased by nearly 3 million shares to 83 million, as they bought stocks worth ₹ 600 crore. The strong buying action drove the stock over 3% higher last month, after a 6% rally in March.
Meanwhile, in Coforge, MFs' stake rose by 2 million shares, with the value of their holding rising by ₹ 1,500 crore.
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