India 2020 vaccine Waves India

Fund houses bet on consumer stocks as new covid wave ebbs

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consumer-centric stocks, anticipating a surge in demand as restrictions ease with the number of covid-19 cases declining aided by higher vaccination numbers across the country, data for June showed.

Consumer-focused stocks such as those of TVS Motor Company and ITC were the most bought by mutual fund houses in June, according to data sourced from Edelweiss Alternative Research and Ace MF.

TVS Motor Company received a net inflow of ₹1,275 crore, while there was a net investment of ₹1,210 crore in ITC in June. Newly listed stock Sona BLW Precision Forgings Ltd, also known as Sona Comstar, received the highest inflow of ₹2,469 crore in June.

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