Real-time Stock quotes, portfolio, LIVE TV and more.
Aug 11, 2012, 03.48 PM IST
DSP BlackRock Mutual Fund has increased its weightage in cement & construction, services and media & entertainment space. However, it decreased its investments in banking & financial services, information technology and pharmaceuticals.
A study of the scheme for the month of June 2012 shows that in the Cement & Construction space, the fund bought Jaiprakash Associates, IVRCL and Sadbhav Engineering. However, it sold Kajaria Ceramics and exited from India Cements.
It purchased SpiceJet, PTC India and introduced Jet Airways in the Services segment. (View - All Bulk Deals by Mutual Funds).
In the Media & Entertainment space, the fund bought Dish TV and introduced Zee Entertainment Enterprises. While, it sold Sun TV Network, Hathway Cable and exited from Entertainment Network India.
The fund sold State Bank of India, Kotak Mahindra Bank and HDFC from the Banking & Financial services sector and exited from Allahabad Bank. However, it bought IDFC, GRUH Finance and City Union Bank. It also introduced Power Finance Corporation, Oriental Bank of Commerce, Bank Of India and LIC Housing Finance in the same sector.
In the Information Technology space, it sold Wipro, Tata Consultancy Services and Redington (India), while it purchased Infosys, Hexaware Technologies and introduced Polaris Financial Technology from the same space. (Check out - Which sectors are attracting Fund Managers?).
In the Pharmaceuticals pack, the fund sold Dr Reddys Labs, Lupin and Ranbaxy Labs.
Table of Stocks bought/ sold by DSP BlackRock Mutual Fund...contd on Page 2
For more Mutual Fund Action in Market click here
Tags: DSP BlackRock Mutual Fund, IVRCL, Zee Entertainment, Jaiprakash Associates, Tata Motors (DVR), Apollo Tyres, Wipro, cement & construction, services, media & entertainment, banking & financial services, information technology, pharmaceuticals
Action in IVRCL
May 25 2013, 16:36
- in Technicals
May 25 2013, 16:36
- in MARKET OUTLOOK