MFs go long on new-age companies, beaten-down stocks
Top mutual funds lapped up beaten-down shares of new age businesses and recently-listed companies in March. SBI Mutual Fund, , Nippon India and UTI bought One97 Communications — parent of Paytm, which has been under selling pressure since its listing on November 18. The stock had fallen to a low of Rs 520 on March 23, more than 75% below its IPO price of Rs 2,150. Since then, it has recovered 32% to Rs 688 as on Wednesday.
During the month, these funds also bought afresh shares of
(Policybazaar), , , which too were out of favour on Dalal Street.
Amidst rising inflows into equity funds, fund managers bet on the ‘re-opening trade’, buying shares of airlines, hotels, malls, entertainment and logistics. Prominent companies such as Indian Hotels, KPR Mill, V-Mart Retail, Sundaram Finance, Bharat Forge,
, and Barbeque-Nation Hospitality have been bought by fund managers of leading fund houses for their March 2022 portfolio.
Intel (INTC -0.75%) could not have kicked off 2023 in worse fashion. Its fourth-quarter 2022 earnings were near the bottom of the already not-great guidance it had provided...
In this podcast, Motley Fool analyst Deidre Woollard and Motley Fool contributor Matt Frankel discuss: How REITs differ from stocks. Publicly traded REITs vs. private REITs. One office...
If you look at Netflix's (NFLX -1.12%) recent stock performance, you'd think the movie streamer's business is booming. Shares are up 24% in the past month and 62%...
