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Oil & gas, realty, durables topped funds’ buy list in February
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fund managers adopted a cautious approach in February and bought into stocks that haven’t participated much in the recent run-up.
They bought oil & gas, real estate, cement, and consumer durables stocks.
Crude oil prices have fallen 9.5% since October 2023, and the government’s decision to maintain fuel prices ahead of elections and reasonable valuations got fund managers interested in ONGC and Oil India. Increasing construction activities in the run-up to the elections and high demand in the residential segment of India’s real estate sector led to the purchase of stocks such as Oberoi Realty, Prestige Estates and Ambuja Cements.
Read more on economictimes.indiatimes.comAbout this in other media
Oil prices settle higher as bets on tighter supply; Gaza ceasefire unlikely investing.com /1 month ago
Oil settles flat on the week over Gaza ceasefire possibility, stronger US dollar; Brent sticks at $85/bbl livemint.com /1 month ago
FIIs fancy consumer durables; buy stocks worth over $1 bn in Feb livemint.com /2 months ago
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