Shares of SKF India Ltd., the auto ancillary company, gained as much as 5% on Monday, November 17, snapping a 10-day losing streak in the process.

The stock had not seen extreme moves in these 10 sessions, but declined 5% during this period, consistently ending below the flat line.

At the end of the September quarter, India's Mutual Funds had increased their stake for two quarters in a row. According to Nuvama Alternative & Quantitative Research's latest note, Mutual Funds had increased their exposure to SKF India in October as well.

SKF India features as a buy for HDFC Mutual Fund and ICICI Prudential Mutual Fund in October, according to Nuvama Alternative. HDFC MF bought SKF India shares worth ₹1,300 crore in October, while ICICI Prudential bought shares worth ₹260 crore, according to

See Full Page