Mumbai: Consumer focused companies saw higher buying by the mutual funds in the month of January while capital intensive stocks saw more selling by the asset management companies. Despite strong SIP inflows of Rs 8,064 crore in January, total net inflows in equities came at lowest level since January 2017 as gross outflows were high, according to ICICI Securities.
Among large caps, Godrej Consumer, JSW Steel, Berger Paints, Pidilite Industries, Ashok Leyland witnessed highest buying during January 2019, ICICI Securities said.
Other large cap that saw big buying across mutual funds in January 2019 were Asian Paints, Grasim Industries, Hindalco Industries, Page Industries, Adani Ports and Special Economic Zone.
Large cap stocks, which saw selling by AMCs were Indiabulls Housing, Bharti Infratel, Vodafone Idea, Piramal Enterprises and NMDC. Other stocks in top ten sells in large cap names across the asset management companies were DLF, Wipro, Ambuja Cements, ICICI Prudential Life Insurance and Steel Authority of India.
In Mid-Caps, stocks like Motilal Oswal, Hatsun Agro, Phoenix Mills, Godrej Properties and Shriram Transport Finance witnessed highest buying during January 2019.
The other Mid-Cap that saw big buying by AMCs were Syngene International, Hexaware Technologies, Bharat Heavy Electricals, Gujarat Fluorochemicals and Natco Pharma.
The Mid-Cap stocks, which saw selling by AMCs were HEG, Dish TV, Reliance Infrastructure, NBCC and Aditya Birla Capital, Oil India, Godrej Industries, REC, Apollo Hospitals and IIFL Holdings.
In Small-Caps, Godfrey Phillips, Kewal Kiran, Ratnamani Metals, Prestige Estate and V-Mart Retail witnessed highest buying during January 2019.
