And many of these stocks were significantly outnumbered by Investment fundsshowed the data analyzed by ETMarkets.
Around 8 stocks that gave double-digit returns in August saw over 1 crore shares bought by mutual funds.
The list of 8 stocks includes notable names like India Coal, Suzlon Energy, Zomato, tata poweramong others.
The list also includes new listings. SBFC Financein which mutual funds acquired around 10 million shares.
Suzlon Energy: In August, mutual funds held 64.71 million shares of the company, which is almost 5 times more than the 14.10 million shares they held in July. The market value of shares in equity MF was Rs 1,589 crore in August. The stock has appreciated almost 28% since August. In the last month, it also hit a 52-week high.
SBFC Finance: In August, mutual funds held 11.45 million shares of the company, which is almost 8 times more than the 1.49 million shares they held in July. The market value of shares in equity MF was Rs 997 crore in August. From its issue price of Rs 57, the stock has appreciated 51%.Zomato: In the online food delivery aggregator, mutual funds held 82.47 million shares in August, compared to 73.67 million shares in July. The market value of shares in equity MF was Rs 8,049 crore in August. Since August, the stock has gained a staggering 77%. In fact, within 6 months, the stock became a multibagger, delivering a 103% return to investors.
Coal India: Mutual funds held 67.95 million shares of the world's largest coal miner in August, compared with 65.98 million shares in July. The market value of shares in MF stock in August was Rs 15,632 crore. The stock has returned a healthy 22% since August.
HFCL: Mutual funds held 5.88 million shares of the telecom equipment maker in August, compared with 3.98 million shares in July. The market value of shares in equity MF was Rs 448 crore in August. The stock has given returns of around 15% since August.
J&K Bank: Mutual funds held 2.49 million shares of the bank in August, compared with just 0.96 million shares in July. The market value of shares in equity MF was Rs 224 crore in August. The stock has returned 57% since August.
Tata Power Co.: Mutual funds held 12.34 million shares of the energy major in August, compared with 10.84 million shares in July. The market value of shares in equity MF was Rs 3,024 crore in August. The stock has gained more than 11% since August.
Hotels in Limonero: Mutual funds held 9.06 million shares of the company in August, compared to 8.04 million shares in July. The market value of MF shares in August was Rs 990 crore. Shares of the major hotelier have appreciated 32% since August.
(Data entries by Ritesh Presswala)
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