New Delhi. Top mutual funds in the world of stock market have taken to the hands of new age businesses and recently listed companies which were hit by a slowdown in momentum in March this year. Under this, SBI Mutual Fund, ICICI Prudential, Nippon India and UTI have bought shares of Paytm’s parent company One97 Communications. According to the information received, since the listing on November 18, there has been a selling pressure on the shares of Paytm. Let us tell you, the shares of Paytm had reached a low of Rs 520 on 23 March this year. The shares of the company had seen a fall of 75 percent due to the IPO issue price of Rs 2,150. However, since then the company’s shares have seen a recovery of about 32 percent. The company’s shares closed at Rs 688 on Wednesday, April 13, 2022. Apart from this, these funds have also bought shares of PB Fintech, Zomato, Star Health.
Fund managers are also betting on re-opening trades amid rising inflows into equity funds, with fund managers buying shares in airlines, hotels, malls, entertainment and logistics. Fund managers of leading fund houses have bought shares in several companies such as Indian Hotels, KPR Mills, V-Mart Retail, Sundaram Finance, Bharat Forge, PVR and Barbeque-Nation Hospitality in their March 2022 portfolio. Apart from this, he has also bought shares of Ruchi Soya Industries, Coforge, Zydus Wellness, Amara Raja Batteries, Sudarshan Chemical Industries, Coromandel International, Triveni Turbine etc.