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PSU stocks: Both mutual funds and FIIs just turned bearish on these 13 counters
Amid concerns over PSU valuations, both MFs and FIIs reduced their stakes in at least 13 PSU stocks in the June quarter, while small retail investors bought these stocks. Q1 data shows MFs sold stakes in 28 PSU stocks and FIIs in 30. Notably, retail investors increased their stake in HAL, a favorite defense PSU, despite MFs and FIIs reducing theirs.