Fund managers stock up on Adani Power

For some fund managers, a downturn provides a good opportunity to build up positions in stocks without bidding up the price.

The street-smart fund manager of one of the top five domestic mutual fund houses is said to have accumulated over a crore shares of Adani Power over the last one week. The stock had been a laggard in a rising market last year, but has managed to hold ground during the recent sell-off .

Contributed by Santosh Nair & Shailesh Menon