Winning Bizness Desk

Mumbai. The domestic market saw strong accumulation by mutual funds in several key stocks through October, with five major counters witnessing purchases of more than 1 crore shares each. These stocks not only attracted heavy institutional interest but also delivered sharp price gains, reflecting rising confidence across sectors. Market data shows that around 30 companies saw mutual fund exposure jump by more than 1 crore shares per stock, signalling strong optimism among fund managers during the month.

South Indian Bank sees strong traction

South Indian Bank recorded a sharp 33 percent rise in its share price from the beginning of October. Mutual funds also increased their exposure during the month. Their holdings rose from 26.18 crore shares in September 2025 to 27.88 crore shares in October, acquired through 22 mutual fund schemes. The total value of these holdings stood at 1,021 crore rupees, indicating a renewed appetite for mid-tier banking counters.

L&T Finance records steady institutional demand

The stock of L&T Finance gained around 20 percent during the month as mutual funds continued to add more shares. Fund houses held 27.72 crore shares in October compared to 26.32 crore shares in September 2025. These were accumulated through 153 mutual fund schemes, with the total valuation reaching 7,498 crore rupees. Analysts believe the improving credit cycle and restructuring efforts supported the stock’s momentum.

Some of the key trends seen across these stocks include:

• Rising investor interest in financial and infrastructure-linked companies
• Sharp month-on-month increases in fund holdings
• Price rallies ranging between 16 to 33 percent
• Broad participation from a large number of mutual fund schemes

BHEL attracts major fund flows

Bharat Heavy Electricals also delivered a 20 percent price gain from early October. Mutual fund ownership rose significantly, with holdings increasing from 26.68 crore shares in September 2025 to 28.87 crore shares in October. A total of 182 mutual fund schemes participated in these purchases, taking the combined holding value to 7,665 crore rupees. The stock’s momentum has been supported by a pickup in capital expenditure and strong order flows.

Indus Towers witnesses robust buying

Indus Towers saw its share price climb 20 percent during the month. Mutual fund exposure also expanded from 36.42 crore shares in September to 38.31 crore shares in October. These shares were accumulated through 219 mutual fund schemes, with their combined valuation touching 13,930 crore rupees. The stock’s upward movement was aided by improving tenancy additions and sector stability.

IndusInd Bank maintains upward momentum

IndusInd Bank continued its positive run with a 16 percent jump in its stock price since the beginning of October. Mutual fund holdings grew from 17.50 crore shares in September 2025 to 19.30 crore shares in October. As many as 246 mutual fund schemes contributed to this rise, taking the total value of these holdings to 15,343 crore rupees.

Additional market observations from fund data:

• Banks, NBFCs and infrastructure-heavy firms remained top picks
• Several mid-cap counters outperformed large peers during the month
• Mutual fund inflows reflected confidence in earnings stability
• Price action indicates strong retail and institutional participation