Aug 11, 2012 09:59 AM IST | Source:

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 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


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 NameShares BoughtStockShares sold
Dabur India4,153,904Apollo Tyres2,532,500
Tata Motors2,611,406Tata Motors (DVR)2,173,300
Idea Cellular2,522,675India Cements2,068,200
ONGC2,276,262Steel Authority of India1,705,616
Voltas2,205,747Power Grid Corporation1,634,778
Balkrishna Industries1,670,000HDFC1,495,622
Axis Bank1,280,060NHPC1,110,000
Chennai Petroleum Corpn.1,000,000Tata Steel794,168
Titan Industries1,000,000Reliance Industrial Infra.763,259
Navneet Publications843,450Adhunik Metaliks623,496
Yes Bank770,515HDFC Bank614,574
Gateway Distriparks724,569Triveni Turbine519,047
Bharti Airtel707,918Sesa Goa499,360
Reliance Infrastructure671,270GAIL India492,444
Hindalco Industries601,673Ipca Laboratories468,300
Triveni Engineering519,047Pidilite Industries457,343
Hexaware Technologies442,900Zydus Wellness456,009
Escorts426,285Consolidated Construction444,998
Torrent Pharmaceuticals376,500DB Corp415,569
Globsyn Technologies270,000Bajaj Electricals413,557
GlaxoSmithKline Consumer227,100Mahindra and Mahindra413,296
Shree Cements217,200Great Eastern Shipping410,191
Dr Reddys Laboratories203,570Petronet LNG Ltd382,812
ICICI Bank198,626Reliance Industries343,861
Finolex Cables192,358TV18 Broadcast332,703
Cadila Healthcare182,400Exide Industries220,525
IndusInd Bank172,190Marico200,000
Deepak Fertilizers147,373Orient Paper and Industries192,482
Gujarat State Petronet100,000Usha Martin125,762
Indian Oil Corporation99,490Torrent Power113,083
Gujarat Gas Company85,713CESC88,231
Federal Bank75,000CRISIL85,452
Cummins India47,311GMDC75,000
Bharat Electronics44,103Numero Uno Projects73,500
Crompton Greaves40,008Amara Raja Batteries67,819
Grasim Industries30,104Sundaram Finance49,225
Maruti Suzuki India29,275Cairn India45,818
Pfizer27,490Hero Motocorp33,763
eClerx Services25,000Berger Paints India25,245
TTK Prestige4,217Jubilant Foodworks19,956
Tata Power Company2,114State Bank of India18,224
Jaiprakash Associates1,857Bank Of Baroda12,192
Sterlite Industries (India)1,811Asian Paints11,502
Hindustan Unilever1,330Bajaj Auto10,330
Ambuja Cements1,238BPCL7,288
Bharat Heavy Electricals1,017Eicher Motors6,298
Coal India829Oracle Financial Services2,750
Larsen and Toubro705Globus Spirits1,940
Cipla664ILandFS Transportation820
Tata Consultancy Services643
Kotak Mahindra Bank610
Jindal Steel & Power494
Sun Pharmaceutical480
HCL Technologies412
Ranbaxy Laboratories252
Punjab National Bank218

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