Jun 25, 2012 04:06 PM IST | Source: Moneycontrol.com

Franklin Templeton drops bank, media; picks oil&gas, IT

Franklin Templeton Asset Management has decreased its investments from banking & financial services, media & entertainment and consumer durable space, while enhanced its exposure in oil & gas, food & beverages and information technology.

Franklin Templeton drops bank, media; picks oil&gas, IT

Franklin Templeton Asset Management has decreased its investments from banking & financial services, media & entertainment and consumer durable space, while enhanced its exposure in oil & gas, food & beverages and information technology.

HDFC Warrants, JK Lakshmi Cement and Karur Vysya Bank were the top sells, while Idea Cellular, ONGC and HDFC were the top buys.

A study of the Franklin Templeton Asset Management portfolio for the month of May 2012 showed that in the banking & financial Services space, the fund sold Karur Vysya Bank, HDFC Bank, M&M Financial Services and exited from HDFC Warrants and Power Finance Corporation. However, it bought Axis Bank, Yes Bank and Bajaj Holdings in the same space. It also introduced Numero Uno Projects.

The fund sold TV18 Broadcast, DB Corp and Dish TV in the media & entertainment space. (View - All Bulk Deals by Mutual Funds).

It sold Bajaj Electricals and TTK Prestige in the consumer durable space.

In the oil & gas space, the fund introduced HPCL and bought ONGC, GAIL and Petronet LNG.

The fund purchased GlaxoSmithKline Consumer Healthcare in the Food & Beverages space. However, it sold Zydus Wellness. (Check out - Which sectors are attracting Fund Managers?)

In the Information Technology pack, it bought Infosys, Wipro, TCS and introduced Polaris Financial Technology, while it sold Oracle Financial Services Software from the same pack.

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 April-May 2012.

Company Name Shares bought Stock Shares sold
Idea Cellular 4,202,824 HDFC Warrants 2,596,650
ONGC 1,741,044 JK Lakshmi Cement 1,512,743
HDFC 1,009,876 Karur Vysya Bank 1,259,615
Ashok Leyland 993,604 Bajaj Electricals 935,535
TVS Motor Company 887,387 Torrent Power 635,000
Polaris Financial Tech. 844,166 M & M Financial Services 446,947
Petronet LNG 829,212 HDFC Bank 408,078
Hindalco Industries 826,392 Dish TV 348,250
Gujarat Pipavav Port 710,547 Amara Raja Batteries 335,233
Yes Bank 638,886 Rallis India 300,000
NMDC 614,374 Tata Motors 281,799
Coal India 511,945 Consolidated Construction 260,288
NHPC 498,245 Godrej Consumer Products 257,569
GAIL India 452,537 Adhunik Metaliks 236,752
Axis Bank 429,781 Power Finance Corporation 200,311
Gujarat State Petronet 400,000 Kotak Mahindra Bank 171,966
ICICI Bank 393,200 Tata Power Company 160,479
Maruti Suzuki India 376,504 DB Corp 150,278
Tata Steel 305,621 Crompton Greaves 140,773
NTPC 269,022 TV18 Broadcast 132,541
IndusInd Bank 261,734 State Bank of India 111,376
Speciality Restaurants 238,360 Grasim Industries 104,175
Navneet Publications 230,714 Ipca Laboratories 77,582
Bharti Airtel 220,442 Power Grid Corporation 72,191
GlaxoSmithKline Consumer 197,470 Bata India 56,707
Cummins India 196,994 Zydus Wellness 55,213
Torrent Pharmaceuticals 174,820 Cadila Healthcare 50,000
Mahindra and Mahindra 158,684 Infinite Computer Solutions 36,146
Reliance Industries 132,560 Asian Paints 34,990
Gujarat Gas Company 130,427 Cairn India 24,593
ITC 102,608 Thermax 24,479
Indian Oil Corporation 100,000 Orient Paper and Industries 8,849
Wipro 91,630 Dr Reddys Laboratories 7,748
Berger Paints India 83,352 Oracle Financial Services 6,567
Numero Uno Projects 73,500 BPCL 5,807
Larsen and Toubro 72,934 TTK Prestige 5,254
Deepak Fertilizers 68,684 CRISIL 288
HPCL 65,787 AIA Engineering 43
Sun Pharmaceutical 64,126
Bharat Electronics 59,671
Glenmark Pharma 54,671
Infosys 52,873
Voltas 50,485
Bajaj Holdings & Investment 50,000
Bajaj Auto 42,590
Sterlite Industries (India) 27,201
Hindustan Unilever 19,734
Pfizer 19,700
VST Industries 18,489
IDFC 16,071
Bharat Heavy Electricals 15,338
Jaiprakash Associates 14,833
GlaxoSmithKline Pharma 14,000
Info Edge India 11,126
Ambuja Cements 9,894
Cipla 9,682
Steel Authority of India 7,680
Jindal Steel & Power 7,509
DLF 7,243
Sesa Goa 5,114
Gateway Distriparks 4,600
Tata Consultancy Services 3,650
HCL Technologies 3,269
Bank Of Baroda 2,462
ILandFS Transportation 2,200
Ranbaxy Laboratories 2,009
Hero Motocorp 1,831
Reliance Industrial Infra. 1,774
Punjab National Bank 1,756
ACC 1,221
Siemens 1,114
Dabur India 500

Sections
Follow us on
Available On