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.
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
READ MORE ON Franklin Templeton Asset Management, NHPC, TV18 Broadcast, Tata Motors, NMDC, Tata Motors (DVR), Jindal Steel & Power
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