Aug 11, 2012 09:59 AM IST | Source: Moneycontrol.com

Franklin Templeton sells metal, IT; picks banking, cement

Franklin Templeton Asset Management has dropped its investments in metals & mining, information technology and chemicals sector, while enhanced its exposure in banking & financial services, cement & construction and oil & gas sector.

Franklin Templeton sells metal, IT; picks banking, cement

Franklin Templeton Asset Management has dropped its investments in metals & mining, information technology and chemicals sector, while enhanced its exposure in banking & financial services, cement & construction and oil & gas sector.

Apollo Tyres, Tata Motors (DVR) and India Cements were the top sells, while Dabur India, Tata Motors and Idea Cellular were the top buys.

A study of the Franklin Templeton Asset Management portfolio for the month of June 2012 showed that in the metals & mining segment the fund sold Tata Steel, SAIL and Sesa Goa but it purchased Coal India, Usha Martin and Hindalco Industries. (View - All Bulk Deals by Mutual Funds).

In the information technology sector, it sold Infosys, Oracle Financial and Wipro. However, it introduced Globsyn Technologies and Hexaware Technologies and also bought eClerx Services in the same space.

The fund sold Asian Paints, Pidilite Industries and Berger Paints in the chemical pack.

In the banking & financial services space, it bought Axis Bank, ICICI Bank, IndusInd Bank and Yes Bank. However, it sold Sundaram Finance, HDFC and HDFC Bank. The fund also exited Numero Uno Projects from the banking space. (Check out - Which sectors are attracting Fund Managers?)

The fund purchased Shree Cements, ACC and Ambuja Cements in the cement & construction sector, while sold India Cements, ILandFS Transportation Networks and Consolidated Construction Consortium.

In the oil & gas space, the fund bought ONGC, Gujarat State Petronet, Gujarat Gas and introduced Chennai Petroleum Corporation. But it sold Reliance Industries, GAIL India and Indian Oil Corporation.

 Table of Stocks bought/ sold by Franklin Templeton Asset Management...contd on Page 2

 

For more Mutual Fund Action in Market click here

_PAGEBREAK_

Note - The number of shares has been calculated based on the closing price of the stocks on the BSE/NSE as on the portfolio date for May-June 2012.

Company Name Shares Bought Stock Shares sold
Dabur India 4,153,904 Apollo Tyres 2,532,500
Tata Motors 2,611,406 Tata Motors (DVR) 2,173,300
Idea Cellular 2,522,675 India Cements 2,068,200
ONGC 2,276,262 Steel Authority of India 1,705,616
Voltas 2,205,747 Power Grid Corporation 1,634,778
Balkrishna Industries 1,670,000 HDFC 1,495,622
Axis Bank 1,280,060 NHPC 1,110,000
Chennai Petroleum Corpn. 1,000,000 Tata Steel 794,168
Titan Industries 1,000,000 Reliance Industrial Infra. 763,259
Navneet Publications 843,450 Adhunik Metaliks 623,496
Yes Bank 770,515 HDFC Bank 614,574
Gateway Distriparks 724,569 Triveni Turbine 519,047
Bharti Airtel 707,918 Sesa Goa 499,360
Reliance Infrastructure 671,270 GAIL India 492,444
Hindalco Industries 601,673 Ipca Laboratories 468,300
Triveni Engineering 519,047 Pidilite Industries 457,343
Hexaware Technologies 442,900 Zydus Wellness 456,009
Escorts 426,285 Consolidated Construction 444,998
Torrent Pharmaceuticals 376,500 DB Corp 415,569
Globsyn Technologies 270,000 Bajaj Electricals 413,557
GlaxoSmithKline Consumer 227,100 Mahindra and Mahindra 413,296
Shree Cements 217,200 Great Eastern Shipping 410,191
Dr Reddys Laboratories 203,570 Petronet LNG Ltd 382,812
ICICI Bank 198,626 Reliance Industries 343,861
Finolex Cables 192,358 TV18 Broadcast 332,703
Cadila Healthcare 182,400 Exide Industries 220,525
IndusInd Bank 172,190 Marico 200,000
Deepak Fertilizers 147,373 Orient Paper and Industries 192,482
NTPC 108,787 Lupin 183,315
Thermax 100,000 Infosys 142,181
Gujarat State Petronet 100,000 Usha Martin 125,762
Indian Oil Corporation 99,490 Torrent Power 113,083
Gujarat Gas Company 85,713 CESC 88,231
Federal Bank 75,000 CRISIL 85,452
Cummins India 47,311 GMDC 75,000
Bharat Electronics 44,103 Numero Uno Projects 73,500
Crompton Greaves 40,008 Amara Raja Batteries 67,819
Grasim Industries 30,104 Sundaram Finance 49,225
Maruti Suzuki India 29,275 Cairn India 45,818
Pfizer 27,490 Hero Motocorp 33,763
eClerx Services 25,000 Berger Paints India 25,245
ACC 17,127 ITC 22,916
TTK Prestige 4,217 Jubilant Foodworks 19,956
Tata Power Company 2,114 State Bank of India 18,224
IDFC 2,019 DLF 18,007
Jaiprakash Associates 1,857 Bank Of Baroda 12,192
Sterlite Industries (India) 1,811 Asian Paints 11,502
Hindustan Unilever 1,330 Bajaj Auto 10,330
Ambuja Cements 1,238 BPCL 7,288
Bharat Heavy Electricals 1,017 Eicher Motors 6,298
Coal India 829 Oracle Financial Services 2,750
Larsen and Toubro 705 Globus Spirits 1,940
Cipla 664 ILandFS Transportation 820
Wipro 646
Tata Consultancy Services 643
Kotak Mahindra Bank 610
Jindal Steel & Power 494
Sun Pharmaceutical 480
HCL Technologies 412
Ranbaxy Laboratories 252
Punjab National Bank 218
Siemens 140

Sections
Follow us on
Available On