Physicswallah among top 5 smallcap stocks facing highest mutual fund selling in July
Mutual funds reduced their exposure to several small-cap stocks in July, with Amara Raja Enterprises witnessing the highest net selling. Welspun Corporation, NBCC, IIFL Finance and Physicswallah were the other major names on the list, according to Motilal Oswal Financial Services. Monthly shareholding changes ranged from a 10.5% decline to an 8.5% increase.
In July, mutual funds experienced significant selling in five smallcap stocks, as reported by Motilal Oswal Financial Services. Amara Raja Enterprises led the pack with the highest selling activity, amounting to Rs 8.7 billion in July, a drop of 3.3% for the month. The company's shares dropped by 10.5% on a monthly basis. Smallcap value constituted 0.3% of its total.
Welspun Corporation also saw notable selling in mutual funds, with a value change of Rs 31.4 billion in July. The company's shares declined by 9.4% monthly, with a smallcap value share of 1%. NBCC reported a value change of Rs 12 billion in July, a 18.2% decrease. The company's shares fell by 9.4% monthly, accounting for 0.4% of its smallcap value.
IIFL Finance experienced a value change of Rs 5.3 billion in July, a 9.6% drop. Shares of the company declined by 8.5% monthly. Smallcap value made up 0.2% of the company. Lastly, Physicswallah witnessed the highest percentage of smallcap value, at 0.5%. The company's value changed by Rs 14.8 billion in July, a 7.8% decrease. Shares fell by 8.3% monthly.
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