Hindustan Copper delivered 269 per cent return in the last one year, with mutual funds now owning 1.41 per cent stake in the PSU stock against nil stake a year-ago. The domestic funds have been buying small quantities in this counter over the last couple of quarters.
is up 197.82 per cent in the last one year. The institutional category held 2.62 per cent stake in the steel maker as on September 30 compared with 0.07 per cent a year ago.
In Max Healthcare, MFs now own 8.64 per cent against a 0.22 per cent stake in the September quarter of last year. This stock is up 181 per cent.
Century Textiles & Industries has jumped 177 per cent. Four other stocks such as Lux Industries, Polycab India, Indian Bank and Minda Industries have seen four straight quarters of MF buying, with stocks rallying 150-175 per cent. MFs have been buying stakes in these companies for four straight quarters. TCI Express, Radico Khaitan, Birlasoft, DLF, Dalmia Bharat, Gujarat Gas, V-Mart Retail and Jamna Auto Industries are some other stocks that doubled investor wealth and where MFs were buyers for fourth straight quarters to September.
Overall, there were 47 stocks where MF holdings were up in the September quarter for the fourth quarter.
In seven stocks, the funds hiked stakes by over 500 basis points. These stocks rallied 77-134 per cent during the last one year. These stocks included Equitas Small Finance Bank (976 basis points), Federal Bank (770 basis points) and Fortis Healthcare (5.58 per cent).
