Jan 21, 2013 03:43 PM IST | Source: Moneycontrol.com

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.

Franklin Templeton drops IT, banks; buys metal, pharma

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 Name Shares bought Stock Shares sold
NMDC 6,057,761 NHPC 8,000,000
Tata Motors (DVR) 4,600,000 TV18 Broadcast 6,633,877
Jindal Steel & Power 2,333,407 Tata Motors 4,532,170
Steel Authority of India 1,576,441 India Cements 2,811,857
Hindalco Industries 1,299,478 Gujarat State Petronet 2,291,900
Finolex Cables 1,261,618 Ashok Leyland 1,898,375
Sadbhav Engineering 1,032,600 Idea Cellular 1,865,000
Orient Paper and Industries 1,025,000 Wipro 1,475,896
Tata Consultancy Services 403,718 TVS Motor Company 1,089,352
Union Bank of India 325,482 Hexaware Technologies 942,276
Globsyn Technologies 270,000 GMDC 679,773
Bank Of India 182,328 IndusInd Bank 665,038
Torrent Pharmaceuticals 180,979 Bank Of Baroda 649,194
Federal Bank 176,100 Ipca Laboratories 629,003
PI Industries 160,894 Cipla 621,437
State Bank of India 155,648 Yes Bank 573,400
LIC Housing Finance 142,407 Tata Chemicals 420,508
KEC International 125,919 Reliance Infrastructure 399,351
Credit Analysis and Research 116,546 Power Grid Corporation 383,041
HPCL 68,258 Adhunik Metaliks 345,096
Dr Reddys Laboratories 66,391 Marico 297,414
Bharat Petroleum Corporation 56,808 Axis Bank 275,257
GAIL India 53,255 Bajaj Auto 274,039
Bata India 50,000 ICICI Bank 240,983
Coal India 37,373 Rallis India 221,293
Wockhardt 33,323 Reliance Industries 215,474
Multi Commodity Exchange 31,063 Kansai Nerolac Paints 196,257
Pfizer 30,400 Mahindra and Mahindra 195,293
Titan Industries 29,807 JK Lakshmi Cement 189,669
Numero Uno Projects 27,500 Navneet Publications 188,114
Maruti Suzuki India 26,853 Gujarat Gas Company 185,200
Kajaria Ceramics 26,052 Petronet LNG Ltd 177,406
Supreme Industries 24,203 SKF India 176,440
Larsen and Toubro 23,798 Bharti Airtel 170,322
Lupin 22,318 VST Industries 139,129
Hero Motocorp 20,979 ITC 110,569
ONGC 18,881 Chennai Petroleum Corpn. 89,242
Sun Pharmaceutical Industries 14,137 Raymond 82,628
Mangalore Refinery and Petro 12,300 IDFC 81,644
Tata Power Company 11,368 J. K. Cement 80,200
NTPC 9,698 Zuari Global 77,862
Gujarat Pipavav Port 8,900 Oracle Financial Services 74,350
Natco Pharma 8,183 Berger Paints India 67,660
Hindustan Unilever 7,270 HDFC Bank 58,725
TTK Prestige 7,104 HDFC 56,853
FAG Bearings India 6,947 Deepak Fertilizers 53,578
Jagran Prakashan 6,630 Exide Industries 50,000
Amara Raja Batteries 6,400 Infinite Computer Solutions 44,412
Greaves Cotton 6,000 Bharat Electronics 44,282
Bharat Heavy Electricals 5,648 HCL Technologies 37,139
Jaiprakash Associates 5,455 Apollo Hospitals Enterprises 35,000
Kotak Mahindra Bank 4,797 ICRA 24,371
Tata Steel 4,667 Balkrishna Industries 21,908
Pidilite Industries 4,494 Nestle India 20,779
MindTree 3,758 eClerx Services 20,000
Ambuja Cements 3,650 GlaxoSmithKline Consumer 14,127
Sterlite Industries (India) 3,270 M & M Financial Services 10,000
Cummins India 3,150 Karur Vysya Bank 10,000
Cairn India 2,831 Bayer Cropscience 8,110
Simplex Infrastructures 2,439 Shree Cements 5,600
Indraprastha Gas 2,100 Infosys 3,805
WABCO India 1,919 CRISIL 2,582
Indian Oil Corporation 1,900 Lovable Lingerie 1,449
Sesa Goa 1,874 Eicher Motors 918
DLF 1,746
Cadila Healthcare 1,570
Grasim Industries 1,244
Britannia Industries 1,110
Ranbaxy Laboratories 735
Punjab National Bank 640
UltraTech Cement 474
ACC 445
Siemens 438
GlaxoSmithKline Pharma 260
Asian Paints 215

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