Nov 17, 2012 10:56 AM IST | Source:

Tata Mutual Fund picks bank, IT; drops oil & gas, utilities

Tata Mutual Fund has enhanced its exposure in banking & financial services, information technology and consumer non-durables sector, while decreased its weightage in oil & gas, utilities and pharmaceuticals space.

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Todays L/H

Tata Mutual Fund has enhanced its exposure in banking & financial services, information technology and consumer non-durables sector, while decreased its weightage in oil & gas, utilities and pharmaceuticals space.

Petronet LNG, Jaiprakash Power Ventures and Jaiprakash Associates were the top buys, while Gujarat State Petronet, Rain Commodities and Tata Motors (DVR) were the top sells.

The study of portfolio managed by Tata Mutual Fund for the month of October 2012 shows that, in the banking & financial services sector the fund bought ICICI Bank, Axis Bank and Oriental Bank of Commerce. It also introduced Power Finance Corporation and Bajaj Finance. However, it sold SBI, IDFC and Bank of Baroda in the same sector.

In the information technology space, it purchased HCL Technologies, TCS and Wipro, while it sold Polaris Financial Technology, eClerx Services and Infosys. (View - All Bulk Deals by Mutual Funds).

The fund bought Emami, Colgate Palmolive and Godrej Consumer Products but it sold Dabur India in consumer non-durables sector.

In the oil & gas segment the fund sold ONGC, Reliance Industries and Gujarat State Petronet and also exited Gujarat Gas Company. However, it purchased Petronet LNG, Cairn India and Mangalore Refinery in the same space.

In the utilities sector it sold Power Grid, CESC and exited NHPC. But it bought Neyveli Lignite Corporation. Check out - Which sectors are attracting Fund Managers?).

The fund sold Lupin, Cipla and exited Unichem Laboratories and Torrent Pharmaceuticals in the pharmaceuticals pack. However, it purchased GlaxoSmithKline Pharmaceuticals, Dr Reddys Laboratories and Strides Arcolab.

Table of Stocks bought/ sold by Tata Mutual Funds...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 Sept-Oct 2012.

StockShares BoughtStockShares Sold
Petronet LNG Ltd822,175Gujarat State Petronet2,022,909
Jaiprakash Power Ventures750,000Rain Commodities1,671,387
Jaiprakash Associates719,894Tata Motors (DVR)1,555,000
Power Finance Corporation603,000CESC1,105,210
Orient Paper and Industries376,000ONGC937,597
Oriental Bank of Commerce330,000Gujarat State Fertilizers 790,860
Blue Star316,717Power Grid Corporation770,432
Jyoti Structures300,000Firstsource Solutions752,745
Madras Cements281,380IDFC570,115
KSB Pumps260,077SJVN500,000
Indian Bank247,500Lupin436,065
Sun TV Network206,000Cipla431,101
Bharti Airtel159,599Cummins India307,679
ICICI Bank136,751Ambuja Cements287,072
Axis Bank134,976GAIL India282,595
Emami113,000Reliance Industries259,583
Karur Vysya Bank105,000Unichem Laboratories212,500
HCL Technologies97,976HPCL210,000
Bajaj Finance90,000Castrol India205,548
Neyveli Lignite Corporation70,000Gujarat Gas Company205,380
Tata Steel61,566BPCL183,258
Rural Electrification Corpn.60,000NTPC166,993
Tata Consultancy Services57,393Polaris Financial Technology150,000
Dish TV55,000Bharat Forge132,000
Cairn India50,172Hindalco Industries125,265
Maruti Suzuki India41,369Thermax108,476
Mahindra and Mahindra32,849Sadbhav Engineering101,258
Jammu and Kashmir Bank32,200Exide Industries100,000
Colgate Palmolive (India)31,700Divis Laboratories62,000
Godrej Consumer Products20,000Dabur India50,000
HDFC15,981Ipca Laboratories45,000
Bank Of Baroda14,983Tata Chemicals45,000
SKF India10,545State Bank of India43,054
Infosys10,201Glenmark Pharma40,000
Agro Tech Foods9,950Coal India32,714
Grindwell Norton9,125Hindustan Unilever30,210
Multi Commodity Exchange6,700Torrent Pharmaceuticals25,000
Grasim Industries4,994Larsen and Toubro24,811
Shree Cements4,500NIIT Technologies20,280
Talwalkars Better value3,088Sun Pharmaceutical Ind.15,076
ALSTOM India2,500Cadila Healthcare13,995
TTK Prestige2,000Mangalore Refinery11,522
GlaxoSmithKline Pharma1,900HDFC Bank11,068
Bajaj Auto1,804Hero Motocorp11,046
KEC International1,500Strides Arcolab10,000
Dr Reddys Laboratories1,0623M India8,348
Blue Dart Express1,000GlaxoSmithKline Consumer8,300
Oil India800Birla Corporation6,000
Kansai Nerolac Paints525Bosch5,000
UltraTech Cement59WABCO India4,084
Amara Raja Batteries4,000
eClerx Services2,000
Tata Motors364
Tata Power Company327
FAG Bearings India309
Bharat Heavy Electricals165
Sterlite Industries (India)162
Jindal Steel & Power79
Sesa Goa37
Kotak Mahindra Bank34

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