Diamonds in the dust: Favourite midcap stocks of MF and PMS that hit 52-week low
These mid-cap stocks aren’t just favourites with MF and PMS. Aside from being top holding stocks, they’ve also hit their 52-week lows recently. That might well be an opportunity for those who can take on some risks
Domestic equity markets have been on correction mode year-to-dated March 20, 2023. Key factors driven the markets includes FII led sell-off, resurgent geopolitical tensions and valuation concerns. Markets saw a broad based decline across most major segments. For instance, Nifty 50 TRI fell 6% while Nifty midcap 150 TRI and Nifty smallcap 250 TRI corrected 5% and 7% respectively, YTD. As far as the midcap universe is concerned, 26 stocks (out of 150 as defined by the market body AMFI) hit their 52-week low in the last one week. Correction provides buying opportunity in the beaten down quality stocks. Here are the midcap stocks held by the larger number of mutual funds as well as PMS strategies hit their 52-week low over the last one week. Portfolio data as of February 28, 2023. BSE price data as of March 20, 2023. Source: ACEMF and Finalyca – PMSBazaar.
2/16
Crompton Greaves Consumer Electricals 52-week low price as of 20-Mar-2023: Rs 278.1 Latest price as of 20-Mar-2023: Rs 281.2 No. of active MF schemes that held the stock: 120 No. of PMS strategies that held the stock: 18
3/16
Jubilant FoodWorks 52-week low price as of 20-Mar-2023: Rs 412.2 Latest price as of 20-Mar-2023: Rs 435.1 No. of active MF schemes that held the stock: 110 No. of PMS strategies that held the stock: 19
4/16
Gland Pharma 52-week low price as of 13-Mar-2023: Rs 1130.4 Latest price as of 20-Mar-2023: Rs 1163.8 No. of active MF schemes that held the stock: 97 No. of PMS strategies that held the stock: 14
Max Financial Services 52-week low price as of 20-Mar-2023: Rs 611.3 Latest price as of 20-Mar-2023: Rs 616.3 No. of active MF schemes that held the stock: 93 No. of PMS strategies that held the stock: 14
6/16
Mphasis 52-week low price as of 20-Mar-2023: Rs 1812.0 Latest price as of 20-Mar-2023: Rs 1824.4 No. of active MF schemes that held the stock: 92 No. of PMS strategies that held the stock: 16
7/16
Ipca Laboratories 52-week low price as of 16-Mar-2023: Rs 768.0 Latest price as of 20-Mar-2023: Rs 780.9 No. of active MF schemes that held the stock: 85 No. of PMS strategies that held the stock: 7
8/16
Aditya Birla Fashion and Retail 52-week low price as of 16-Mar-2023: Rs 209.5 Latest price as of 20-Mar-2023: Rs 215.6 No. of active MF schemes that held the stock: 67 No. of PMS strategies that held the stock: 8
Bata India 52-week low price as of 20-Mar-2023: Rs 1380.9 Latest price as of 20-Mar-2023: Rs 1399.1 No. of active MF schemes that held the stock: 60 No. of PMS strategies that held the stock: 8
10/16
Emami 52-week low price as of 20-Mar-2023: Rs 341.0 Latest price as of 20-Mar-2023: Rs 343.4 No. of active MF schemes that held the stock: 59 No. of PMS strategies that held the stock: 4
11/16
Atul 52-week low price as of 16-Mar-2023: Rs 6750.0 Latest price as of 20-Mar-2023: Rs 6990.6 No. of active MF schemes that held the stock: 47 No. of PMS strategies that held the stock: 10
12/16
Vinati Organics 52-week low price as of 20-Mar-2023: Rs 1710.0 Latest price as of 20-Mar-2023: Rs 1725.0 No. of active MF schemes that held the stock: 44 No. of PMS strategies that held the stock: 7
13/16
Bandhan Bank 52-week low price as of 16-Mar-2023: Rs 197.8 Latest price as of 20-Mar-2023: Rs 201.5 No. of active MF schemes that held the stock: 42 No. of PMS strategies that held the stock: 5
14/16
Muthoot Finance 52-week low price as of 16-Mar-2023: Rs 911.4 Latest price as of 20-Mar-2023: Rs 945.4 No. of active MF schemes that held the stock: 42 No. of PMS strategies that held the stock: 17
15/16
Biocon 52-week low price as of 20-Mar-2023: Rs 199.0 Latest price as of 20-Mar-2023: Rs 201.8 No. of active MF schemes that held the stock: 35 No. of PMS strategies that held the stock: 5
16/16
HDFC Asset Management Company 52-week low price as of 20-Mar-2023: Rs 1595.3 Latest price as of 20-Mar-2023: Rs 1683.0 No. of active MF schemes that held the stock: 35 No. of PMS strategies that held the stock: 11
