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Many investors like to track the movements of large mutual funds to gauge the favorites and duds in their opinion. These fund houses take a long-term approach and do thorough research and analysis of the company and its management before pouring in thousands of rupees.
If you’re interested in mutual fund action, here are three stocks that are high on your favorites list. These shares are netted on the basis of the highest MF share increase during the six-month period ending September 2022.
Rolex Rings Limited
Rolex Rings Ltd (NS:) made a new entry in Indian bonds, in 2016. First launched on August 9, 2021. The company is in the business of manufacturing hot forged rings for breweries and automotive industries and has a capitalization of INR. 5,082 crores. Interestingly, such a small company dominates the list of stocks in the MFS list.
According to the latest data, the company’s share of mutual funds has increased significantly in the last six months, from 19.84% to 31.65%. This same demand was only 6.96% in August 2021. The company seems to be making progress on the financial front, which recorded a 64.2% YoY jump in net profit to INR 86.96 crores in FY21 and a 51.6% YoY jump to INR 131.89 crores. In FY22, which was the highest annual net profit ever.
Mrs Beckers Food Specialists Ltd
Mrs. Bector’s Food Specialists Limited (NS:) is an FMCG company with a capitalization of INR 2,640 crores. The FMCG sector is considered a defensive position, and investors looking for high growth opportunities here often put this counter on their radar. In FY22, revenue hit an all-time high at INR 994.49 crores, but net profit fell 20.9% YOY to INR 57.14 crores due to decline in EBITDA.
Over the past 5 years, net income has grown at an annual rate of 17.68%, which is higher than the industry’s average profit growth rate of 6.72%. MFs increased their share from 4.17% in March 2022 to 12.78% in September 2022, a jump of over 3x!
Kirloskar Pneumatic Company Limited
Kirloskar Pneumatic Company Ltd (BO:) is one of the Kirloskar Group of Companies and is again low on the list. The company manufactures air compressors, air conditioning and refrigeration systems, process gas systems, steam absorption systems and industrial gearboxes and has a market capitalization of Rs 3,831 crore.
FY22 turned out to be the best year yet for the company, crossing a milestone revenue of INR 1,000 crores and posting a record profit of INR 84.92 crores. It is also a regular dividend paying company and maintains a payout ratio of around 0.3. The mutual fund’s share from 17.09% in March this year has grown to 24.6% by September 2022. In fact, FIIs who owned 0.11% of the company a year ago now own 0.45%, 4x higher!
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