In Q2 FY25, mutual funds adjusted their portfolios, increasing their stakes in several large-cap stocks such as Axis Bank, Adani Ports, and Punjab National Bank, among others. Notable increases include a 1.6% rise in Axis Bank and a 1% hike in Samvardhana Motherson International.
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Pressure amps up on Infosys, Wipro to beat high expectations amid India correction woes (11-10-2024)
Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.