Adani Stocks Emerge As Mutual Funds' Blue-Eyed Boys In June

In June, Adani Group stocks emerged as Mutual Funds’ top choice as they increased holding in Adani Green, Adani Enterprises and Adani Transmission.

In the large-cap section, the Adani stocks were the stocks favoured by mutual funds. The funds upped their stake from 14 lakh shares in May to 18 lakh shares in June in Adani Green. Mutual fund holdings in Adani Transmission went up from 13 lakh shares to 15 lakh shares. Adani Enterprises saw mutual funds go up to 1.33 crore in June from 1.14 crore.

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On the other hand, mutual funds cut holdings in Adani Ports to 5.86 crore from 6.55 crore. 56 mutual funds bought and 39 mutual funds sold Adani Ports & Special Economic Zone Ltd

Apart from the Adani stocks, mutual funds’ top buys in June were PSU stocks like Coal India, IRCTC and LIC.

In the large-cap section, Hindustan Zinc, Wipro, Hindustan Aeronautics and HDFC Life Insurance Company saw the most significant cuts in mutual fund stakes. MFs slashed their holdings to 15 lakh shares from 36 lakh shares in Hindustan Zinc. HAL saw MF stake go down to 2.22 crore in June from 2.67 crore. MFs holding was down to 12.65 crore from 13.90 crore in Wipro. HDFC Life saw MFs holding slashed to 8.86 crore from 9.66 crore.

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Posted In: EquitiesLarge CapMutual FundsNewsMarketsadani enterprisesAdani GreenAdani GroupAdani PortsHALHDFC LifeLife Insurance Corporation of IndiaMutual FundsWipro