Volume Shocker: MFs add 1 crore+ shares to 5 stocks in September; shares tumble up to 43%
PhysicsWallah moved higher.
· Economic Times Markets, ET Stocks
Mutual funds significantly increased stakes in 45 stocks in September 2026 despite market volatility. While gainers like PhysicsWallah and Meesho rallied up to 21%, heavy institutional buying in stocks like PB Fintech, Swiggy, and L&T Finance failed to stem steep price declines of up to 43%.
The analysis
PhysicsWallah reported movement of 43% and 21%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.7% on the day at ₹128.99, and has returned +3.0% over three months. It sits 17% below its 52-week high. The consumer & retail sector has moved -9.5% over the same period, so PhysicsWallah is running 12.5 points ahead of its peers.
For PhysicsWallah, the question is how much of this is already reflected in the price and how much re-rates the consumer & retail peer set alongside it.
Market context
- The 5 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 0 of 5 are higher: Meesho leads at -0.8% and Swiggy trails at -4.7%.
- Over three months: PhysicsWallah +3.0% against Consumer & Retail -9.5% (12.5 points ahead); Meesho +22.4% against Consumer & Retail -9.5% (31.9 points ahead); PB Fintech -37.2% against Insurance -13.4% (23.8 points behind); Swiggy -40.3% against Hotels & Restaurants -0.9% (39.4 points behind).
- At least 25% below the 52-week high: PB Fintech (49%), Swiggy (58%) and L&T Finance (27%).
- Meesho: 52-week and period figures are measured since it listed on 10 Dec 2025.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| PhysicsWallahPWL · Consumer & Retail | ₹128.99 | -2.7% | +4.5% | +3.0% | -16.9% | 0.3× | — |
| MeeshoMEESHO · Consumer & Retail · Listed 10 Dec 2025 | ₹223.01 | -0.8% | -2.1% | +22.4% | -7.3% | 0.4× | — |
| PB FintechPOLICYBZR · Insurance | ₹1,000.10 | -1.8% | -6.0% | -37.2% | -48.9% | 0.4× | — |
| SwiggySWIGGY · Hotels & Restaurants | ₹176.60 | -4.7% | -29.4% | -40.3% | -57.7% | 1.5× | — |
| L&T FinanceLTF · Financial Services | ₹244.40 | -2.6% | -7.8% | -20.2% | -27.2% | 0.7× | — |
Consumer & Retail
1M -4.9% · 3M -9.5%
PhysicsWallah, Meesho
Insurance
1M -5.4% · 3M -13.4%
PB Fintech
Hotels & Restaurants
1M -3.1% · 3M -0.9%
Swiggy
Financial Services
1M -8.8% · 3M -14.9%
L&T Finance
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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