Indian mutual funds trimmed their exposure to Paytm during the December quarter, choosing to book profits as the stock staged a strong rally after a prolonged period of underperformance. The move reflects a cautious but pragmatic stance by institutional investors, who appear keen to rebalance portfolios even as sentiment around the fintech major has shown signs of improvement.
According to shareholding data for the quarter ended December, several domestic mutual fund schemes reduced their stake in Paytm, either partially exiting positions or lowering exposure accumulated during earlier price corrections. This dilution came at a time when the stock witnessed a notable rebound, driven by a mi
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