Physicswallah, Amara Raja: Top Smallcaps See MF Selling
By Market Desk
Mutual funds offloaded shares of Physicswallah, Amara Raja Enterprises, and other smallcaps in July. Discover which stocks faced significant selling pressure.
Five smallcap stocks, including Physicswallah and Amara Raja Enterprises, faced the highest net selling by mutual funds in July, according to a report from Motilal Oswal Financial Services.
This divestment highlights a notable shift in mutual fund allocations, with specific companies experiencing substantial value and share changes during the month.
Key Smallcap Stocks Facing MF Selling
The Motilal Oswal analysis identified prominent companies that saw significant outflow from mutual funds. Each stock recorded distinct changes in net selling value, monthly value, and monthly share percentage.
- Amara Raja Enterprises: Net selling value change of Rs 8.7 billion; monthly value change of (3.3)%; monthly share change of (10.5)%.
- Welspun Corporation: Net selling value change of Rs 31.4 billion; monthly value change of (1.8)%; monthly share change of (9.4)%.
- NBCC: Net selling value change of Rs 12 billion; monthly value change of (18.2)%; monthly share change of (9.4)%.
- IIFL Finance: Net selling value change of Rs 5.3 billion; monthly value change of 9.6%; monthly share change of 8.5%.
- Physicswallah: Net selling value change of Rs 14.8 billion; monthly value change of (7.8)%; monthly share change of (8.3)%.
These figures underscore the strategic decisions by mutual funds to reduce their exposure to these specific smallcap entities throughout the month of July.
The report from Motilal Oswal Financial Services clearly delineates the extent of this divestment across the identified companies.