Mutual funds sold many midcap stocks in September, according to a Motilal Oswal Financial Services report. Rail Vikas saw the highest net selling at Rs 44.2 billion. Other firms like Lodha Developers, REC, Cochin Shipyard, and Hindustan Copper also got hit as investors pulled money out of these five stocks.
These top five midcap stocks witnessed the highest net selling by mutual funds in September. Here is a detailed breakup, according to a report by Motilal Oswal Financial Services.
Rail Vikas witnessed the highest net selling in mutual funds in September. The value change in September was Rs 44.2 billion and on a monthly basis the value change was 41.9%. The percentage of midcap value was 0.0%
Lodha Developers witnessed a net selling in mutual funds in September. The value change in September was Rs 29.3 billion and on a monthly basis the value change was 25.4%. The percentage of midcap value was 0.1%.
REC witnessed a net selling in mutual funds in September. The value change in September was Rs 20.7 billion and on a monthly basis the value change was 14.3%. The percentage of midcap value was 0.5%.
Cochin Shipyard witnessed a net selling in mutual funds in September. The value change in September was Rs 23.6 billion and on a monthly basis the value change was 12.2%. The percentage of midcap value was 0.2%.
Hindustan Copper witnessed a net selling in mutual funds in September. The value change in September was Rs 18.3 billion and on a monthly basis the value change was 9.2%. The percentage of midcap value was 0.0%.