Jun 16, 2023
By: Katya NaiduThe midcap index has had a bull run in the last two months, riding up 17 percent in the period. Here are the top 10 mid-cap stocks that mutual funds bought into in May
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Market cap: 32,710 crore rupees The company that sells apparel under Manyavar and Mohey brands, is the top mid-cap stock that mutual funds bought in May, as per a report by ICICI Direct. It gave 32 percent returns in the last one year.
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Market cap: 38,554 crore rupeesVodafone’s share price is exactly where it was a year back – at 7.9 rupees, but that’s not stopping mutual funds from betting on the telecom major.
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Market cap: 14,586 crore rupeesThe stock of this chemical manufacturer has fallen 16 percent in the last one year, as per data on BSE.
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Market cap: 44,998 crore rupeesThe stock of the fast-moving consumer goods (FMCG) major went up a modest 8.8 percent in the last one year, but made it to the list of mid-cap stocks that MFs bought last month.
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Market cap: 42,332 crore rupeesThe stock of the financial services company ran up 84 percent in the last one year.
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Market cap: 27,981 crore rupeesThe stock of the IT company ran up by 40.3 percent in the last one year.
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Market cap: 19,682 crore rupeesThe Hyderabad-based pharma company has given negative returns to the tune of 27 percent in the last one year.
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Market cap: 19,167 crore rupeesThe Ajay Piramal-led company has multiple business interests across pharma, real estate and more. Its stock has slipped by 15 percent in the last one year.
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Market cap: 52,698 crore rupeesThe stock of the private sector lender is the only multibagger in the list, running up by 145 percent in the last one year.
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Market cap: 29,619 crore rupeesThe new-age internet company runs credit product aggregators Policybazaar and Paisabazaar. Its stock gave a modest 8 percent returns in the last one year.
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