 ICICI Prudential buys engg, metals; sells IT, BankingPublished on Fri, Jan 15, 2010 at 16:48 | Source : Moneycontrol.com Updated at Fri, Jan 15, 2010 at 18:22 45796 Investors following HLL. Share this News with them.
ICICI Prudential Asset Management increased it weightage in consumer non-durables, engineering & capital goods and metals & mining sectors and reduced its weightage in information technology, oil & gas and banking & financial services spaces. Hindustan Unilever, Bajaj Finserv and Marico were the top buys, while NHPC, Tata Consultancy Services and HPCL were the top sells. A study of the ICICI Prudential Asset Management portfolio for the month of December 2009 showed that the buying was seen in the consumer non-durables sector, where it bought Hindustan Unilever, Marico and Eveready Industries India. (View - All Bulk Deals by Mutual Funds) In the engineering & capital goods pack, it purchased BHEL, Texmaco and Techno Electric, However, the fund sold Crompton Greaves, Kalpataru Power Transmission and AIA Engineering. It exited from HEG in this space. It bought Tata Steel, Usha Martin and Kirloskar Ferrous Industries in the metals & mining segment. But it sold Hindustan Zinc, Sterlite Industries and Kalyani Steels. The fund exited from Sesa Goa in this space. (Check out - Which sectors are attracting Fund Managers?) In the Information Technology space, it sold Tata Consultancy Services, Infosys Technologies and Wipro. The fund bought Oracle Financial, Nucleus Software and eClerx Services in the IT space. In the oil & gas sector, it sold ONGC, HPCL and BPCL, while purchased Aban Offshore and Reliance Industries. The scheme sold Axis Bank, ICICI Bank and Bank of Baroda in the banking & financial services. However, it bought Bajaj Finserv, IDFC and Housing Development Finance Corporation. Table of Stocks bought/ sold by ICICI Prudential Asset Management...contd on Page 2 For more Mutual Fund Action in Market click here
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