![]() NTPC, Suzlon Energy, Idea Cellular top buys: HSBC MFPublished on Thu, Jul 16, 2009 at 11:54 | Source : Moneycontrol.com Updated at Thu, Jul 16, 2009 at 12:06
HSBC Asset Management Fund increased its exposure to engineering & capital goods, foods & beverages and consumer non durables while slashed its coverage on oil & gas, cement & construction and real estate sectors. NTPC, Suzlon Energy and Idea Cellular were the top buys and Power Grid Corporation, GMR Infrastructure and ITC were on the top of the sells list. The study of the fund for the month of June, 2009 showed that, in engineering & capital goods sector, it bought Amara Raja Batteries, Crompton Greaves, Thermax and introduced Suzlon Energy, Shanthi Gears, AIA Engineering, Texmaco, Kalindee Rail Nirman (Engineers), FAG Bearing. However, it sold Reliance Industrial Infrastructure and exited EMCO. (View - All Bulk Deals by Mutual Funds) Despite the selling in Shree Renuka Sugars, Balrampur Chini Mills and United Spirits, foods & beverages' weightage was up due to increase in prices of the stocks. It purchased Bata India and sold Hindustan Unilever in the Consumer Non-durables space. The fund reduced its investment in the oil & gas, wherein it sold Cairn India, HPCL, BPCL and exited Aban Offshore. However, it purchased Reliance Industries and ONGC. In the cement & construction segment, it sold India Cements, Jaiprakash Associates and exited GMR Infra, IVRCL Infra. (Check out - Which sectors are attracting Fund Managers?) In the real estate lot, it sold DLF, but bought Indiabulls Real Estate, Pantaloon Retail. Table of Stocks bought/ sold by HSBC Mutual Fund ...contd on Page 2 For more Mutual Fund Action in Market click here
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