Unique Picks: These 8 stocks held by single MF scheme in January surged 100-450% in FY24

ETMarkets’ latest mutual fund analysis solely focuses on stocks held by a single scheme. Originally, the list included 148 such stocks as of January 2024. However, we refined it by considering only those with a market value exceeding Rs 25 crore as of January and the number came down to 28 stocks. Many of these stocks have shown price returns of over 25% in FY24 so far. Among them, we’ve identified 8 stocks held exclusively by one MF scheme that have surged over 100% during the current fiscal year. (Data Source: ACE MF, ACE Equity)

Inox Wind Energy:

As of January 2024, Aditya Birla SL Midcap Fund(G) held around 1.05 lakh shares of the company, representing a total investment value of Rs 59 crore. In FY24, the stock price of Inox Wind Energy surged by 445%, soaring from Rs 1,100 as of March 31, 2023, to Rs 5,999 on February 15, 2024.

GPT Infraprojects:

As of January 2024, Bandhan Infrastructure Fund-Reg(G) held around 16.20 lakh shares of the company, representing a total investment value of Rs 32 crore. In FY24, the stock price of GPT Infraprojects surged by 288%, soaring from Rs 44 as of March 31, 2023, to Rs 170 on February 15, 2024.

GE Power India:

As of January 2024, Nippon India Multi Cap Fund(G) held around 19.00 lakh shares of the company, representing a total investment value of Rs 47 crore. In FY24, the stock price of GE Power India surged by 183%, soaring from Rs 99 as of March 31, 2023, to Rs 281 on February 15, 2024.

Entertainment Network (India):

As of January 2024, ICICI Pru Multi-Asset Fund(G) held around 15.94 lakh shares of the company, representing a total investment value of Rs 39 crore. In FY24, the stock price of Entertainment Network (India) surged by 161%, soaring from Rs 116 as of March 31, 2023, to Rs 302 on February 15, 2024.

Gujarat Industries Power Company:

As of January 2024, HDFC Balanced Advantage Fund(G) held around 70.27 lakh shares of the company, representing a total investment value of Rs 158 crore. In FY24, the stock price of Gujarat Industries Power Company surged by 160%, soaring from Rs 76 as of March 31, 2023, to Rs 197 on February 15, 2024.

Venus Pipes & Tubes:

As of January 2024, Nippon India Small Cap Fund(G) held around 6.00 lakh shares of the company, representing a total investment value of Rs 87 crore. In FY24, the stock price of Venus Pipes & Tubes surged by 108%, soaring from Rs 749 as of March 31, 2023, to Rs 1559 on February 15, 2024.

AGS Transact Technologies:

As of January 2024, HDFC Balanced Advantage Fund(G) held around 45.87 lakh shares of the company, representing a total investment value of Rs 53 crore. In FY24, the stock price of AGS Transact Technologies surged by 108%, soaring from Rs 46 as of March 31, 2023, to Rs 96 on February 15, 2024.

Seamec:

As of January 2024, Nippon India Small Cap Fund(G) held around 9.11 lakh shares of the company, representing a total investment value of Rs 104 crore. In FY24, the stock price of Seamec surged by 101%, soaring from Rs 597 as of March 31, 2023, to Rs 1199 on February 15, 2024.