A private MF player laps up Indosolar shares

The recent correction in midand small-cap shares has given investors an opportunity to buy many of these stocks cheaper. Brokers said a large private mutual fund, known for its aggressive buying, has been accumulating shares of solar photo-voltaic cells manufacturer Indosolar in the past few sessions.

On Monday, the stock closed at Rs 23.75, up 0.4%, over its previous close. Brokers are mixed about the outlook of the stock, which listed on bourses in September. The stock is currently trading 30% below its issue price. An analyst, who tracks the stock, said the company has an order book of Rs 1,012 crore.