The stock has more than doubled from a March low, thanks to Chairman Mukesh Ambani’s fundraising blitz. The run up has increased the company’s weighting in the S&P BSE Sensex to 17.4%, from 11% at the end of 2019. They can’t buy more of India’s most valuable company as actively-run plans aren’t allowed to own more than 10% of a single stock. Large-cap funds have risen 8% on average over the past six months, data on Morningstar Investment Adviser’s website show. Share ViaClick here to read the Mint ePapermint is now on Telegram.

Source: Mint September 12, 2020 06:22 UTC