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In September, mutual funds made significant adjustments to their portfolios by adding and reducing holdings in several small-cap stocks. Notable acquisitions included Max Estates, Route Mobile, and Medi Assist Health, while key reductions were seen in Nazara Technologies and Va Tech Wabag. Here is a list of smallcap stocks that mutual funds bought and sold in September, according to a report by Nuvama Institutional Equities:
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Zee Entertainment Enterprises (ZEEL) is set to announce its Q2FY25 earnings, with expected revenue at Rs 2,059 crore, marking a 16% YoY decline. Core net profit is anticipated at Rs 153 crore, an 18% increase YoY. EBITDA is projected to decline by 21% YoY to Rs 264 crore.
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Shares of LTIMindtree dropped by 5% despite an 8% YoY growth in net profit to Rs 1,251 crore and revenue climbing 6% in Q2 2024. The company noted broad-based sequential growth and new deal closures. However, brokerage Investec maintained its 'Sell' rating, citing concerns over weaker revenue growth in the second half of the year.
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