Brokerage firm Nuvama in its August mutual fund report said that Suzlon Energy stock stood among the top additions for mutual funds in the smallcap universe alongside Minda Corporation, SJS Enterprises, Inox Wind and Medplus Health Services.
Top mutual funds bought fresh stakes in Inox Wind, BSE, RPG Life Sciences, Shivalik Bimetals Control and Thomas Cook (I) and hiked their holdings in Suzlon Energy, Minda Corp, SJS Enterprises and Medplus Health Services, according to a Nuvama report
In the largecap space, 15 companies witnessed significant block deals worth Rs 7,711 crore, led by Jio Financial Services with 49 block counts, totalling Rs 2,505 crore. The next in line were Bharti Airtel (Rs 1,879 crore), Zomato (Rs 871 crore), HDFC Bank (Rs 784 crore) and Reliance Industries (Rs 257 crore).
A report had said that early investors, Lavender Rose and PI (Premji Invest) Opportunities Fund, were together looking to sell an 8.1 percent stake in the company through block deals
Most sectors, including banks, infra, FMCG and pharma reeled under pressure, while automobiles and information technology inched higher. The Adani group stocks, too, were under pressure following fresh allegations of stock manipulation