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Sep 06, 2012, 04.05 PM IST
Franklin Templeton Asset Management has enhanced its exposure in pharmaceuticals, banking & financial services and food & beverages space, while slashed its exposure in automotive, information technology and metals & mining sector.
Gujarat Pipavav Port, Jagran Prakashan and Petronet LNG were the top buys, while Idea Cellular, Power Grid Corporation and TVS Motor were the top sells. A study of the Franklin Templeton Asset Management portfolio for the month of July 2012 showed that in the pharmaceuticals space, the fund purchased Torrent Pharmaceuticals, Cadila Healthcare and Cipla. (View - All Bulk Deals by Mutual Funds ). In the banking & financial services space, it bought Axis Bank, ICICI Bank and Yes Bank, while it sold SBI, HDFC Bank and IndusInd Bank. The fund purchased Nestle India, GSK Consumer Healthcare and introduced Zydus Wellness in the food & beverages pack. But it sold EID Parry (India) and exited Globus Spirits in the same pack. In the automotive segment, it sold Maruti Suzuki, Mahindra & Mahindra, Exide Industries and exited Escorts. However, it bought Balkrishna Industries, Eicher Motors and Bajaj Auto. It sold Infosys, TCS and Redington (India) in the information technology sector. It also exited Globsyn Technologies from the same space. However, it purchased Wipro, Polaris Financial Technology and Hexaware Technologies. (Check out - Which sectors are attracting Fund Managers?) In the metals & mining space, the fund sold Tata Steel, SAIL, and Sesa Goa and also exited Hindustan Zinc, while it bought Coal India and Hindalco Industries. Table of Stocks bought/ sold by Franklin Templeton Asset Management...contd on Page 2
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