Jun 25, 2012 04:06 PM IST | Source:

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.

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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


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 NameShares boughtStockShares sold
Idea Cellular4,202,824HDFC Warrants2,596,650
ONGC1,741,044JK Lakshmi Cement1,512,743
HDFC1,009,876Karur Vysya Bank1,259,615
Ashok Leyland993,604Bajaj Electricals935,535
TVS Motor Company887,387Torrent Power635,000
Polaris Financial Tech.844,166M & M Financial Services446,947
Petronet LNG829,212HDFC Bank408,078
Hindalco Industries826,392Dish TV348,250
Gujarat Pipavav Port710,547Amara Raja Batteries335,233
Yes Bank638,886Rallis India300,000
NMDC614,374Tata Motors281,799
Coal India511,945Consolidated Construction260,288
NHPC498,245Godrej Consumer Products257,569
GAIL India452,537Adhunik Metaliks236,752
Axis Bank429,781Power Finance Corporation200,311
Gujarat State Petronet400,000Kotak Mahindra Bank171,966
ICICI Bank393,200Tata Power Company160,479
Maruti Suzuki India376,504DB Corp150,278
Tata Steel305,621Crompton Greaves140,773
NTPC269,022TV18 Broadcast132,541
IndusInd Bank261,734State Bank of India111,376
Speciality Restaurants238,360Grasim Industries104,175
Navneet Publications230,714Ipca Laboratories77,582
Bharti Airtel220,442Power Grid Corporation72,191
GlaxoSmithKline Consumer197,470Bata India56,707
Cummins India196,994Zydus Wellness55,213
Torrent Pharmaceuticals174,820Cadila Healthcare50,000
Mahindra and Mahindra158,684Infinite Computer Solutions36,146
Reliance Industries132,560Asian Paints34,990
Gujarat Gas Company130,427Cairn India24,593
Indian Oil Corporation100,000Orient Paper and Industries8,849
Wipro91,630Dr Reddys Laboratories7,748
Berger Paints India83,352Oracle Financial Services6,567
Numero Uno Projects73,500BPCL5,807
Larsen and Toubro72,934TTK Prestige5,254
Deepak Fertilizers68,684CRISIL288
HPCL65,787AIA Engineering43
Sun Pharmaceutical64,126
Bharat Electronics59,671
Glenmark Pharma54,671
Bajaj Holdings & Investment50,000
Bajaj Auto42,590
Sterlite Industries (India)27,201
Hindustan Unilever19,734
VST Industries18,489
Bharat Heavy Electricals15,338
Jaiprakash Associates14,833
GlaxoSmithKline Pharma14,000
Info Edge India11,126
Ambuja Cements9,894
Steel Authority of India7,680
Jindal Steel & Power7,509
Sesa Goa5,114
Gateway Distriparks4,600
Tata Consultancy Services3,650
HCL Technologies3,269
Bank Of Baroda2,462
ILandFS Transportation2,200
Ranbaxy Laboratories2,009
Hero Motocorp1,831
Reliance Industrial Infra.1,774
Punjab National Bank1,756
Dabur India500

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