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June Sees Surge in MTF Positions for Top Stocks
3 Jul
Summary
- Persistent Systems saw MTF positions jump 146% in June.
- Major Nifty 50 names experienced MTF unwinding of 35-43%.
- Five stocks showed the largest increase in MTF positions last month.
In the month of June, there was a notable shift in Market Trade Finance (MTF) positions among major Nifty 50 companies. Many prominent stocks experienced an unwinding of their positions, with declines ranging between 35% and 43% compared to May.
Conversely, a select group of five stocks demonstrated significant growth in their MTF positions during June. Persistent Systems stood out, with its positions increasing by 146% from ₹221 crore to ₹543 crore, a notable reversal from a decline in May. Other stocks on this growth list included Vedanta, BSE, Tata Steel, and Tata Motors PV, all reporting position increases between 57% and 88%.
This trend of increased MTF positions in certain stocks contrasts with the broader unwinding observed in other Nifty 50 constituents. Companies such as State Bank of India, IndiGo, Shriram Finance, Trent, and Bajaj Finance were among those that saw their positions decrease during June.
