Jash Engineering and GE Power among 11 stocks from which MFs made complete exit in May
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Complete sell-off
Mutual funds made a complete exit from 11 stocks in May. Fund houses add or exit stocks from their portfolio to actively manage their portfolios. Here is the detailed breakup, according to monthly data released by Prime Database.
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Energy sector
From the energy sector, mutual funds sold 13.22 lakh shares of Sandur Manganese & Iron Ores from their portfolios worth a market value of Rs 60.88 crore.
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Industrial sector
From this sector, mutual funds sold 9.20 lakh shares of Avantel, 24,728 shares of Jash Engineering, 1,980 shares of Shilchar Technologies, 6.65 lakh shares of Jyoti Structures, and 14,841 shares of GE Power India from their portfolios.
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Commodity sector
From this sector, mutual funds sold 67,618 shares of IG Petrochemicals and 31,416 shares of Ashapura Minechem.
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FMCG
From this sector, mutual funds sold 1.06 lakh shares of Som Distilleries & Breweries worth a market value of Rs 1.43 crore.
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Information Technology
From this sector, mutual funds sold 28,966 shares of Black Box worth a market value of Rs 1.08 crore.
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Utilities
From this sector, mutual funds sold 28,720 shares of K.P.Energy worth a market value of Rs 1.06 crore.