We all have our internal biases and we always interpret the data the way we want to interpret it. This table is a perfect example of it. Only top three mentioned names have reported data and they have all increased the stake in February. But people are commenting that everybody else sold while they have not yet reported numbers for Feb month. Just because the site is updated on Feb, doesn’t mean that it has Feb data for all the Mutual funds.
Better to look at Actual volume data for reference, below is the screenshot from Screener.in-
Except Dec end, when AIF related news led to selling, no big volume has exchanged hands in IIFL finance scrip.
In any case, I think two 20%+ corrections over last two days have made the stock very interesting. Company is making 2K per year and is available at 15K market cap. Even if they don’t grow their earnings for next 1-2 years, it is available at an interesting price point.
Disclosure: Already Invested, started adding from today.
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