Housing Development & Infrastructure Ltd’s stock was up 56 per cent year-to-date, outperforming a 5.2 per cent gain in the NSE index.
Janus Investment fund had on February 5 bought 2.24 million shares at Rs 106.08 /share, according to NSE data.
GMO Emerging market fund had on January 28 bought 2.27 million shares at Rs 85.44/share, says the NSE data.
Platinum Asset Management had on January 15 bought 2.17 million shares at Rs 72.51/share raising its stake to 9.3 per cent in the company from 8.8 per cent earlier, according to Thomson Reuters data.
Australia-based Platinum is the second largest shareholder in the company after promoters, says BSE data.
The Reserve Bank of India had surprised markets with a 25 basis point reduction in interest rates on January 15.
The stock is trading at 12.23 times of 1-year forward earnings vs 18.73 for rivals, according to Thomson Reuters data.