Adani Enterp. 2443.95↑10.00(0.41%)
Adani Ports 742.45↑3.65(0.49%)
Apollo Hospitals 4911.40↓-38.80(-0.78%)
Asian Paints 3219.60↑19.85(0.62%)
Axis Bank 961.35↑10.50(1.10%)
B P C L 356.20↓-0.60(-0.17%)
Bajaj Auto 4720.40↑10.35(0.22%)
Bajaj Finance 7086.65↑43.45(0.62%)
Bajaj Finserv 1469.00↑10.10(0.69%)
Bharti Airtel 831.20↓-3.30(-0.40%)
Britannia Inds. 4694.00↑11.40(0.24%)
Cipla 969.50↓-5.30(-0.54%)
Coal India 227.55↓-2.15(-0.94%)
Divi's Lab. 3511.30↑49.00(1.42%)
Dr Reddy's Labs 4623.45↑19.90(0.43%)
Eicher Motors 3710.50↑37.25(1.01%)
Grasim Inds 1753.65↑19.15(1.10%)
H D F C 2638.00↓-6.80(-0.26%)
HCL Technologies 1117.80↓-20.50(-1.80%)
HDFC Bank 1598.85↓-5.55(-0.35%)
HDFC Life Insur. 571.00↓-3.15(-0.55%)
Hero Motocorp 2903.30↑32.70(1.14%)
Hind. Unilever 2689.80↓-6.00(-0.22%)
Hindalco Inds. 416.15↓-3.55(-0.85%)
ICICI Bank 940.05↓-6.70(-0.71%)
IndusInd Bank 1310.30↑8.50(0.65%)
Infosys 1276.80↓-27.70(-2.12%)
ITC 441.95↑1.30(0.30%)
JSW Steel 710.65↓-1.50(-0.21%)
Kotak Mah. Bank 1951.50↑26.60(1.38%)
Larsen & Toubro 2267.95↓-0.35(-0.02%)
M & M 1406.90↑11.50(0.82%)
Maruti Suzuki 9740.70↑158.60(1.66%)
Nestle India 21783.20↓-50.95(-0.23%)
NTPC 174.50↑0.40(0.23%)
O N G C 153.90↓-1.50(-0.97%)
Power Grid Corpn 235.65↑0.05(0.02%)
Reliance Industr 2471.20↓-6.05(-0.24%)
SBI Life Insuran 1215.20↓-0.20(-0.02%)
St Bk of India 584.25↓-2.95(-0.50%)
Sun Pharma.Inds. 1008.05↓-0.70(-0.07%)
Tata Consumer 789.60↓-2.85(-0.36%)
Tata Motors 553.80↑7.55(1.38%)
Tata Steel 108.50↓-0.90(-0.82%)
TCS 3233.15↓-55.75(-1.70%)
Tech Mahindra 1077.90↓-31.45(-2.83%)
Titan Company 2883.15↑27.45(0.96%)
UltraTech Cem. 8029.00↑147.00(1.87%)
UPL 693.00↑3.00(0.43%)
Wipro 396.90↓-7.30(-1.81%)

MFs lap up beaten-down Nykaa, Zomato in April, holdings surge Rs 1,100 cr

Infosys remains the top buy for the second month in a row

Abhishek Kumar Mumbai

Premium

Among the large-cap names, Kotak Mahindra Bank, HDFC, ONGC and Maruti Suzuki were among the most-bought shares.

3 min read Last Updated : May 15 2023 | 4:22 PM IST

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Mutual funds (MFs) lapped up shares of new-age businesses in April at a time when most of these stocks have recovered sharply from their 52-week lows. Nykaa and Zomato featured in the list of top 10 most bought shares by MFs last month, with fund houses' holdings in these two stocks rising by over Rs 1,100 crore, shows a report by Nuvama Alternative & Quantitative Research.

Shares of Zomato had staged some recovery in April after remaining subdued for an extended period. The stock was trading at around Rs 64 at the end of April compared to about Rs 50 at the end of March. Most brokerages have given a 'buy' rating to the stock given the high growth potential of the food-delivery space. The stock has corrected a bit in May owing to rising traction for ONDC but analysts expect the government-backed entity not to pose too big a threat going forward.

"We see ONDC as a potential threat to Zomato, only if it meaningfully scales up acr