6 Falling Stocks that Mutual Funds Bought in July

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6 Falling Stocks that Mutual Funds Bought in July
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- When stocks with solid fundamentals fall because of a pandemic, smart money goes behind it. Or at least that is what mutual fund companies think. July saw a number of companies come out with their numbers for Q1 FY22 and some of them didn’t meet expectations. The share prices of these companies fell and mutual funds made a beeline for them. Here are six such stocks that mutual funds bought in July:

  1. Bajaj Auto Ltd (NS: BAJA )

Closing price on June 30: Rs 4,133.85

Closing price on July 30: Rs 3,829.6

Percentage fall: 7.35%

  1. Britannia Industries Ltd (NS: BRIT )

Closing price on June 30: Rs 3,649.55

Closing price on July 30: Rs 3,423.4

Percentage fall: 6.2%

  1. Cipla Ltd. (NS: CIPL )

Closing price on June 30: Rs 971.9

Closing price on July 30: Rs 920.05

Percentage fall: 5.33%

  1. Hero MotoCorp Ltd (NS: HROM )

Closing price on June 30: Rs 2,902.6

Closing price on July 30: Rs 2,763.3

Percentage fall: 4.8%

  1. Adani Ports and Special Economic Zone Ltd (NS: APSE )

Closing price on June 30: Rs 703.7

Closing price on July 30: Rs 674.5

Percentage fall: 4.14%

  1. HDFC (NS: HDFC ) Life Insurance Company Ltd (NS: HDFL )

Closing price on June 30: Rs 686.3

Closing price on July 30: Rs 664.05

Percentage fall: 3.24%

 

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  • kunal lakhani @kunal lakhani
    FIIs are using this as an opportunity for profit booking and create cash positions so that they can reenter at a suitable time as per their strategy. Quality stocks will always appear expensive but if you are long term investor you should not worry about what FIIs or DIIs or MFs are doing
    Like 2
  • kunal lakhani @kunal lakhani
    There is no big game happening. There are excessive sip flows coming in and fund houses have to stay close to fully invested at all levels in the markets. As retail investors you should try to understand the ecosystem and you will find your opportunities. I am a buyer at these levels too.
    Like 0
  • kunal kashyap @kunal kashyap
    what I think is some big game is going on , to trap the retail investors and it soon be cleared..Hoping the bad never happen
    Like 1
  • Gowtham vu @Gowtham vu
    better not to buy above stocks
    Like 3
  • KAMAL BAHETY @KAMAL BAHETY
    and what's their benefit in same ?
    Like 0
  • Ajay Uppal @Ajay Uppal
    I still believe DIIs and MFs are providing safe exit to FIIs by buying at such high levels. It appears to be big cartel.
    Like 5
    • Rohit Gandhi @Rohit Gandhi
      Well Said 👍🏻
      Like 0
    • Rohit Gandhi @Rohit Gandhi
      Well Said 👍🏻
      Like 0
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  • Valaiyapathy Sivaprakasam @Valaiyapathy Sivaprakasam
    Thank you for the fine piece of information.
    Like 2
  • Vinayak Mhetre @Vinayak Mhetre
    sir any buying signals in oil companies
    Like 0

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