May 18, 2023
By: Rounak JainAxis Bank witnessed the highest mutual fund (MF) outflows in April at ₹1,427 crore. The lender posted a net loss of ₹5,728 crore in Q4 on account of acquisition of Citibank India’s consumer business. Its stock has remained flat in April, and is currently trading at ₹926.
Credit: Axis-Bank
ICICI Bank was a close second with MF outflows of ₹1,422 crore during April. The lender posted a standalone net profit of ₹9,122 crore in Q4, up 30 percent YoY. ICICI Bank’s stock gained 4.6 percent in April and is currently trading at ₹945.
Credit: BCCL
India’s largest private-sector lender witnessed MF outflows of ₹1,417 crore in April. Its Q4 net profit rose 20 percent YoY to ₹12,047 crore and the lender declared a dividend of ₹19 per share. Its stock has gained 4.9 percent in April and is currently trading at ₹1,645.
Credit: BCCL
Cigarette-to-atta giant ITC saw MF outflows of ₹899 crore in April. Its Q4 results are to be declared today. It has been one of the top performers in the large-cap segment in April, with its stock gaining 11 percent. It is currently trading at ₹430.
Credit: ITC
New Delhi-headquartered Max Healthcare saw outflows of ₹834 crore by MFs in April. The stock hit a new 52-week high in April and closed the month with gains of 4.3 percent. It is currently trading at ₹530.
Credit: Max-Healthcare
State-run ONGC saw MF outflows of ₹775 crore in April. Its stock gained 5.2 percent during the month after the government accepted Kirit Parikh panel’s recommendations on natural gas pricing. The shares are currently trading at ₹167.
Credit: ONGC
India’s leading commercial vehicle manufacturer witnessed MF outflows of ₹375 crore in April. It reported a 10 percent rise in vehicle sales during the month. Its stock, which rose 4.9 percent in April, is currently trading at ₹154.
Credit: Ashok-Leyland
AU Small Finance Bank saw MF outflows of ₹315 crore in April. The small finance bank reported a 23 percent YoY rise in March-quarter net profit to ₹425 crore. Its stock rallied 14.7 percent in April and is currently at a 52-week high of ₹743.
Credit: AU-Small-Finance-Bank
MFs pulled out ₹287 crore from Bata India in April. The shoe maker’s shares rose 4 percent in the period, slowly edging upwards after hitting a 52-week low in February. Bata India’s shares are currently trading at ₹1,537.
Credit: BCCL
Oberoi Realty saw MF outflows of ₹271 crore in April, while its stock gained 8.6 percent during this period. Its shares are currently trading at ₹910.
Credit: Oberoi-Realty