Most wanted stocks 2024: 6 stocks fund managers have been most bullish on in last one year
BSE 500 index has gained 34.5% during this period, partly riding on the continued strength exhibited by the domestic economy and a healthy earnings footprint of India Inc.
The market has powered on amid intermittent hiccups, including rising geopolitical tensions, concerns over global recession and a slowdown in China. Mid and small caps, as well as PSU stocks, have put on a show, as Indian stocks have continued to outperform global peers.
Stocks fund managers are betting on
Domestic equity fund managers, leaning on wisdom gained from previous market cycles, have tempered their excitement. These market mavens have raised vigilance, pulling various risk levers to build portfolios capable of showing better resilience in preparation for tougher roads lying ahead. In this eleventh edition of Most Wanted Stocks, we have zeroed in on a basket of stocks that have been consistently favoured by mutual fund managers. These six stocks have seen a gradual rise in mutual fund holding for four consecutive quarters since September 2023.
To arrive at this list of most preferred stocks, we applied several filters (see graphic). We started by identifying BSE 500 stocks that have seen a consistent rise in mutual fund ownership over the past four quarters. Next, we looked at stocks which had at least 5% mutual fund holding in total share capital and were held by 25 or more equity schemes as of September 2024.
The list was further screened to retain only those stocks that boasted an average return on equity (RoE) of more than 15%
