Jan 21, 2013 03:43 PM IST | Source:

Franklin Templeton drops IT, banks; buys metal, pharma

Franklin Templeton Asset Management has decreased its investments from information technology, telecommunication and banking & financial services, while enhanced its exposure in metals & mining, miscellaneous and pharmaceuticals.

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Franklin Templeton Asset Management has decreased its investments in information technology, telecommunication and banking & financial services, while enhanced its exposure in metals & mining and pharmaceuticals.

NHPC, TV18 Broadcast and Tata Motors were the top sells, while NMDC, Tata Motors (DVR) and Jindal Steel & Power were the top buys.

A study of the Franklin Templeton Asset Management portfolio for the month of December 2012 showed that in the Information Technology space, the fund sold Wipro, Infosys, Oracle Financial Services Software and exited from Hexaware Technologies. However it bought Tata Consultancy Services and intorduced Globsyn Technologies from the same space.

In the telecommunication segment, it sold Bharti Airtel and Idea Cellular, while it bought Finolex Cables in the same space.

The fund sold Bank of Baroda, HDFC Bank and IndusInd Bank in the Banking & Financial Services space. However, it bought State Bank of India, Federal Bank, Union Bank of India and also introduced Bank of India and Numero Uno Projects in the same space (View - All Bulk Deals by Mutual Funds).

In the Metals & Mining space, the fund bought Jindal Steel & Power, NMDC and Hindalco Industries, while it sold Gujarat Mineral Development Corporation, Coal India and exited from Adhunik Metaliks.(Check out - Which sectors are attracting Fund Managers?)

In the Pharmaceuticals pack, it bought Torrent Pharmaceuticals, Cadila Healthcare, Dr Reddys Laboratories and added Wockhardt, while it sold Cipla and Ipca Laboratories from the same pack.

Table of Stocks bought/ sold by Franklin Templeton Asset Management 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 Nov-Dec 2012.

Company NameShares boughtStockShares sold
Tata Motors (DVR)4,600,000TV18 Broadcast6,633,877
Jindal Steel & Power2,333,407Tata Motors4,532,170
Steel Authority of India1,576,441India Cements2,811,857
Hindalco Industries1,299,478Gujarat State Petronet2,291,900
Finolex Cables1,261,618Ashok Leyland1,898,375
Sadbhav Engineering1,032,600Idea Cellular1,865,000
Orient Paper and Industries1,025,000Wipro1,475,896
Tata Consultancy Services403,718TVS Motor Company1,089,352
Union Bank of India325,482Hexaware Technologies942,276
Globsyn Technologies270,000GMDC679,773
Bank Of India182,328IndusInd Bank665,038
Torrent Pharmaceuticals180,979Bank Of Baroda649,194
Federal Bank176,100Ipca Laboratories629,003
PI Industries160,894Cipla621,437
State Bank of India155,648Yes Bank573,400
LIC Housing Finance142,407Tata Chemicals420,508
KEC International125,919Reliance Infrastructure399,351
Credit Analysis and Research116,546Power Grid Corporation383,041
HPCL68,258Adhunik Metaliks345,096
Dr Reddys Laboratories66,391Marico297,414
Bharat Petroleum Corporation56,808Axis Bank275,257
GAIL India53,255Bajaj Auto274,039
Bata India50,000ICICI Bank240,983
Coal India37,373Rallis India221,293
Wockhardt33,323Reliance Industries215,474
Multi Commodity Exchange31,063Kansai Nerolac Paints196,257
Pfizer30,400Mahindra and Mahindra195,293
Titan Industries29,807JK Lakshmi Cement189,669
Numero Uno Projects27,500Navneet Publications188,114
Maruti Suzuki India26,853Gujarat Gas Company185,200
Kajaria Ceramics26,052Petronet LNG Ltd177,406
Supreme Industries24,203SKF India176,440
Larsen and Toubro23,798Bharti Airtel170,322
Lupin22,318VST Industries139,129
Hero Motocorp20,979ITC110,569
ONGC18,881Chennai Petroleum Corpn.89,242
Sun Pharmaceutical Industries14,137Raymond82,628
Mangalore Refinery and Petro12,300IDFC81,644
Tata Power Company11,368J. K. Cement80,200
NTPC9,698Zuari Global77,862
Gujarat Pipavav Port8,900Oracle Financial Services74,350
Natco Pharma8,183Berger Paints India67,660
Hindustan Unilever7,270HDFC Bank58,725
TTK Prestige7,104HDFC56,853
FAG Bearings India6,947Deepak Fertilizers53,578
Jagran Prakashan6,630Exide Industries50,000
Amara Raja Batteries6,400Infinite Computer Solutions44,412
Greaves Cotton6,000Bharat Electronics44,282
Bharat Heavy Electricals5,648HCL Technologies37,139
Jaiprakash Associates5,455Apollo Hospitals Enterprises35,000
Kotak Mahindra Bank4,797ICRA24,371
Tata Steel4,667Balkrishna Industries21,908
Pidilite Industries4,494Nestle India20,779
MindTree3,758eClerx Services20,000
Ambuja Cements3,650GlaxoSmithKline Consumer14,127
Sterlite Industries (India)3,270M & M Financial Services10,000
Cummins India3,150Karur Vysya Bank10,000
Cairn India2,831Bayer Cropscience8,110
Simplex Infrastructures2,439Shree Cements5,600
Indraprastha Gas2,100Infosys3,805
WABCO India1,919CRISIL2,582
Indian Oil Corporation1,900Lovable Lingerie1,449
Sesa Goa1,874Eicher Motors918
Cadila Healthcare1,570
Grasim Industries1,244
Britannia Industries1,110
Ranbaxy Laboratories735
Punjab National Bank640
UltraTech Cement474
GlaxoSmithKline Pharma260
Asian Paints215

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