MFs Have Increased Holdings in Five Stocks with Returns of up to 204% Since July 1

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MFs Have Increased Holdings in Five Stocks with Returns of up to 204% Since July 1

By Aditya Raghunath

Investing.com -- A lot of stocks tend to fly under the radar and are not extensively covered by pink papers or in any other media. However, mutual funds are always on the lookout for bargains that will pay off in the medium-to-long term. The March 2020 crash offered MFs a good opportunity to invest in good stocks. Here is a list of five stocks in the tech and energy space that MFs increased holdings in from the June Quarter of 2020 to December 2020. They have returned a minimum of 158% since July 1:

  1. Sarda Energy Minerals Ltd (NS: SAEM )

Closing price on June 30: Rs 165.25

Closing price on March 23: Rs 427.5

Percentage gain: 158.7

MF holding on June 30, 2020: 0.09%

MF holding on December 31, 2020: 0.41%

  1. KPIT Technologies Ltd (NS: KPIE )

Closing price on June 30: Rs 63

Closing price on March 23: Rs 166.3

Percentage gain: 164%

MF holding on June 30, 2020: 10.3%

MF holding on December 31, 2020: 13.05%

  1. Birlasoft Ltd (NS: BIRS )

Closing price on June 30: Rs 89.45

Closing price on March 23: Rs 250.15

Percentage gain: 179.6%

MF holding on June 30, 2020: 6.56%

MF holding on December 31, 2020: 14.54%

  1. Indian Metals and Ferro Alloys Ltd (NS: IMFA )

Closing price on June 30: Rs 158.85

Closing price on March 23: Rs 466.1

Percentage gain: 193.4%

MF holding on June 30, 2020: 0.12%

MF holding on December 31, 2020: 0.45%

  1. Tata Elxsi Ltd (NS: TTEX )

Closing price on June 30: Rs 897.3

Closing price on March 23: Rs 2732.8

Percentage gain: 204.5%

MF holding on June 30, 2020: 2.44%

MF holding on December 31, 2020: 3.48%

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