look news india
Mutual funds in HDFC Bank and Kotak Mahindra Bank, which are currently in the doldrums, lost nearly Rs. It is being told that 10,000 crore shares have been purchased. Both these stocks have been the highest money-earning stocks in the history of Dalal Street, but the year 2024 has seen both these stocks fall sharply, even though mutual funds had bet heavily against the market.
Last month, Kotak Mahindra Bank shares had fallen by 9 percent, taking advantage of which mutual funds bought the bank's shares at a price of about Rs 1.55 crore. A total of 4.65 crore shares worth Rs 7,884 crore have been purchased. In the case of HDFC Bank, the mutual fund invested around Rs. Have invested. A total of 1.22 crore shares worth Rs 1,859 crore have been purchased. Mutual funds buying shares of Kotak Mahindra Bank include Nippon India, Quant MF, Aditya Birla Sunlife, HDFC MF, Kotak AMC and SBI MF, while mutual funds buying shares of HDFC Bank include HDFC MF, SBI MF, Axis MF, Nippon India, Franklin Templeton. And this also includes Kotak MF.
On the other hand, mutual funds have booked profits in SBI shares in the month of April. He got around Rs. from SBI. Shares worth Rs 1,634 crore were sold. Apart from this, the fund has invested Rs. Rs 1,271 crore and made a profit of Rs 1,140 crore by selling shares of Bajaj Finance.
It is noteworthy that in the last two to three years, shares of both HDFC Bank and Kotak Mahindra Bank have lost their earlier premium in valuation due to a series of negative news. now this much premium
Owns ICICI Bank. According to experts, investing in currently underperforming financial sector stocks is likely to yield good returns for a period of 2-3 years, as the macro cycle favoring banks is likely to last for the next few years. . It is noteworthy that in the last three years, Kotak Mahindra Bank has registered a decline of 3 per cent as against the 50 per cent rise in Sensex, while HDFC Bank has registered a rise of only 4 per cent.