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The Baseline
19 Jan 2023
Screener of the week: Stocks seeing mutual funds significantly raise stake in Q3FY23
By Abdullah Shah

In this week’s edition, we take a look at new mutual fund stock picks of Q3. This screener identifies stocks where mutual funds have increased their stake by over 0.5% and have a Trendlyne durability score of more than 50. There are 38 stocks from the Nifty 500 index and three stocks from the Nifty 50

The screener includes stocks from banking and finance, healthcare facilities, internet software & services and industrial machinery. Major stocks listed in the screener are GMM Pfaudler, Zee Entertainment Enterprises, Apollo Hospitals Enterprise, Affle (India) and Union Bank of India.

GMM Pfaudler has seen the highest rise in its MF holding on a QoQ basis in Q3. Aditya Birla Sun Life Flexi Cap Fund, which bought a 1.2% stake in the company, is the largest buyer. The company’s promoters have sold a 11% stake, which FIIs and domestic funds picked up. The stock has a Trendlyne durability score of 70.

Zee Entertainment Enterprises comes in next with a mutual fund holding rise of 4.5 percentage points QoQ in Q3. ICICI Prudential Bluechip Fund is the largest buyer with a 0.53% stake in the company. It has a Trendlyne durability score of 55. 

Apollo Hospitals has seen its mutual fund holding rise 1.4 percentage points QoQ in Q3. HDFC Flexi Cap Fund becomes the biggest buyer with a 1.2% stake in this healthcare player. 

You can find some popular screeners here.

 

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