Gland Pharma and CAMS among 5 smallcap stocks sold by mutual funds in August
Gland Pharma, LIC Housing Finance, Gujarat Energy, CAMS and Amber Enterprises India saw the highest mutual fund selling among smallcap stocks in August, according to Dolat Capital.
In August, mutual funds witnessed the highest selling activity in five smallcap stocks, according to a report by Motilal Oswal Financial Services. The top three stocks were Himadri Speciality, GMDC, and IIFL Finance, with the latter seeing the most significant selling.
Himadri Speciality saw the highest net selling by mutual funds in August, with a value change of Rs 62.1 billion and a monthly change of 56.8%. This stock accounted for 0.1% of the smallcap value.
GMDC also experienced significant selling in mutual funds during August, with a value change of Rs 46.8 billion and a monthly change of 46.7%. The stock represented 0.8% of the smallcap value.
IIFL Finance, the third most affected stock, witnessed net selling in mutual funds in August. The value change was Rs 16.8 billion, and the monthly change was an impressive 121.7%. IIFL Finance made up 0.1% of the smallcap value.
MRPL and Sarda Energy Co followed with net selling in mutual funds in August. MRPL had a value change of Rs 13 billion and a monthly change of 13.2%, while Sarda Energy Co saw a value change of Rs 14.8 billion and a monthly change of 11.8%. Both stocks held a negligible percentage of the smallcap value, at 0.0%.
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