Top 10 stocks bought by Mutual Funds in Dec 2022, in terms of increase in a total number of shares held by them. This shows the overall buying interest of Mutual Funds in the company. It also portrays that the bullishness on the stock is still intact and fund houses are interested in the Company.
In December Mutual Funds bought:
150187 shares of Adani Power (NS:ADAN) Ltd,
635718 shares of Hindware Home Innovation Ltd,
2803010 shares of Macrotech Developers (NS:MACE) Ltd,
2110458 shares of GMM Pfaudler Ltd,
3366000 shares of The Jammu & Kashmir Bank (NS:JKBK) Ltd,
10766270 shares of Sheela Foam Ltd,
3000971 shares of Jubilant Ingrevia Ltd,
13762311 shares of Jindal Stainless (NS:JIST) Ltd,
4615901 shares of Sapphire Foods India Ltd,
111109543 shares of Vodafone Idea (NS:VODA) Ltd.
As mutual funds are domestic institutional players if they increase inflows into a particular stock, it means that they have confidence in the Company's growth and the stock is likely to go higher. Whereas, a decrease in inflows or continuous outflows paints the opposite picture. But an investor should not blindly invest in this stock just because mutual funds are buying. It would be prudent for an investor to do his own research as per his risk appetite before investing in a Company.