Housing & Urban Development Corporation (HUDCO) filed its latest shareholding data with the exchanges on Monday evening.
What Happened: Mutual funds heavily sold the public sector stock during the July-September quarter. Mutual fund holdings in the company went from 3% at the end of June to 0.77% at the end of September.
Quant Small Cap Fund, which held around a 2.32% stake in the company, completely exited the stock during the quarter.
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India’s biggest insurer, LIC, also trimmed its stake in the fellow state-owned company during the September quarter. LIC currently holds a 7.92% stake in the company, which is lower than the 8.44% stake it held at the end of June.
Foreign intuitional investors also pared down their stake in the company. FIIs now hold a 2.32% stake in the company, down from 2.70% reported at the end of June.
Retail investors, on the other hand, raised their stake in the company to 10.19% from 7.26% at the end of the June quarter. The number of retail investors holding the stock went up 45% to over 9.05 lakh, compared to 6.23 lakh reported in June.
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