JioBlackRock Flexicap down 6.67% in 2026: 19 fresh buys, 18 exits in September reshuffle
Redington moved lower.
· Business Today Mkts
JioBlackRock Flexicap reshuffled its portfolio in September, bringing in new names such as Redington, Apollo Hospitals and GAIL while exiting stocks including Eternal, Laurus Labs and Thermax. Despite the changes, the fund’s year-to-date decline remained close to its benchmark, with its 6.67% fall comparing with a 6.96% drop in the Nifty 500 TRI.
The analysis
Redington reported movement of 6.67% and 6.96%. 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 -2.1% on the day at ₹380.00, and has returned +38.3% over three months. It sits 8% below its 52-week high. The it sector has moved +1.9% over the same period, so Redington is running 36.4 points ahead of its peers.
With Redington, Apollo Hospitals and GAIL India all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (REDINGTON, APOLLOHOSP, GAIL, LAURUSLABS), which points to a sector-level rather than company-specific driver.
- Sector exposure: IT, Pharma & Healthcare, Oil & Energy.
- The immediate tone of coverage reads negative.
In this story
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