Adani stocks among Nifty counters that saw highest buying by MFs last month

Indian mutual funds continue to buy stakes in Adani Group companies despite an ongoing investigation by the market regulator Sebi and a Supreme Court-appointed committee into the Hindenburg issue. At least 17 mutual funds are exposed to the firm, which has seen buying from Invesco, Kotak Mahindra, NJ Mutual Fund and others in May. While Adani Enterprises saw the highest month-on-month buying, buying was also seen in Adani Ports and Adani Wilmar. Although shares in Adani Total Gas have fallen by 67% in the past year, the cement arm of the conglomerate saw buying interest from firms such as Franklin Templeton.