I have been tracking Nippon’s Quant Mutual fund since few months. I saw that in August Month, Indigo has come up as a new entry in Top Holdings of the Fund. It was missing in the July 31st disclosure. And this also very well corresponds to the jump in Indigo’s price from 4200 range to 4700-4800 range in past Month (due to big chunk of money coming at once). Ever since than, it is lying in this range more or less after climbing high for a day or two.
This shows that the fund is seeing opportunity in the stock for atleast 1 Quarter to 3 Quarters. Generally funds dont sell top Holdings after buying within a month or two.
Disclosure: This is my personal analysis. Remain well invested in the stock.
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