Motilal Oswal report flags mutual fund selling in midcap names
In short
Mutual funds bought more of five mid-cap stocks in September, according to a Motilal Oswal report. Swiggy had the biggest rise, with Rs 6.3 billion added value.
The named stocks in the summary are Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral and PB Fintech. The reporting does not explain why investors bought them or what happened after that.
What the reporting says
A Motilal Oswal report said mutual funds recorded high net buying in September in five mid-cap stocks, led by Swiggy with a Rs 6.3 billion value increase. The publisher summary names Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral and PB Fintech as the top five inflow names, even though the original headline refers to REC and Cochin Shipyard. The available reporting does not give the reason for the flows or any follow-up market impact.
Why it matters
A Motilal Oswal report, as summarized by the publisher, said mutual funds increased buying in five mid-cap stocks during September, with Swiggy showing a Rs 6.3 billion value increase. The summary names Groww parent Billionbrains Garage, Patanjali Foods, Astral and PB Fintech as the other top inflow stocks. The market relevance is limited to mutual fund flows; the cause of the buying and any price reaction are not stated.