Not just Nippon, ICICI, Mirae, Axis, HDFC, Kotak, SBI, Invesco, Birla etc. have increased their positions, some substantially. Nippon’s quant fund made a fresh purchase of just 4000 shares, ICICI flexi cap fund made a fresh purchase of 4,00,299 shares, next fresh purchase is by Canara small cap fund’s of 2,52,706 shares, next is Invesco arbitrage fund with 2,14,200 shares, Mahindra funds with 1,17,000 shares and 72,000, HDFC retirement savings fund with 70,359 etc.
Quant funds AFAIK get in and out quickly, so there have been reduced positions from such funds and from other funds too, but August was a bought month with 43.5 lakh shares by fund houses. Hence the stock posted a new ATH surpassing the previous high made in June.
Initiated a position.
Numbers from.
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