Tata Mutual Fund decreased its weightage in engineering & capital goods, consumer non-durables and metals & mining space, while enhanced its exposure in oil & gas, banking & financial services and retail & real estate space.
The study of the portfolio managed by Tata Mutual Fund for the month of January 2013 shows that, in the Engineering & Capital goods space, the fund sold SKF India, Cummins India and KEC International, while it bought Bharat Heavy Electricals, Larsen and Toubro and Thermax.
In the Consumer non-durables pack, it sold Hindustan Unilever and Colgate Palmolive (India). (View - All Bulk Deals by Mutual Funds).
In the Metals & Mining space, it sold Gujarat Mineral Development Corporation, Hindalco Industries, Coal India and exited from NMDC, while it bought Hindustan Zinc, Sterlite Industries (India) and Tata Steel.
On the buying side, the fund purchased ONGC, Reliance Industries and BPCL in the Oil & Gas sector but sold HPCL, Cairn India and Gujarat State Petronet from the same sector.
In the Banking & Financial services space, the fund bought ICICI Bank, Allahabad Bank and SBI, while it sold HDFC, HDFC Bank, Jammu and Kashmir Bank and exited from Andhra Bank in the same space. (Check out - Which sectors are attracting Fund Managers?).
The fund bought DLF in the Retail & Real estate segment.
Table of Stocks bought/ sold by Tata Mutual Funds...contd on Page 2
For more Mutual Fund Action in Market click here
READ MORE ON Tata Mutual Fund, Ashok Leyland, Rain Commodities, KEC International, Allahabad Bank, Bharat Heavy Electricals, DLF
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