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Equity fund managers buy Infosys, sell Reliance Industries in October

Equity fund managers increased their exposure to Infosys in October amid a sharp slide in the software exporter's share price

Samie Modak 

Equity fund managers increased their exposure to Infosys in October amid a sharp slide in the software exporter’s share price following whistle-blower allegations. On the other hand, they pruned their exposure to Reliance Industries (RIL), taking advantage of sharp gains in the stock, which saw the oil-to-telecom major’s market value go past the Rs 9-trillion mark.

Both the bets seem to have paid off for money managers as shares of Infosys have rebounded 10 per cent off their October lows. Shares of RIL have been soft after climbing 25 per cent since the surprise cut in ...

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First Published: Mon, November 18 2019. 02:07 IST
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