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Reliance MF buys & beverages, auto, IT
Reliance Mutual Fund enhanced its exposure to foods & beverages, automotive and IT, while slashed its coverage on Chemicals, services and metal & mining sectors.
Reliance Mutual Fund enhanced its exposure to foods & beverages, automotive and IT, while slashed its coverage on Chemicals, services and metal & mining sectors.
The study of the Reliance Mutual Fund portfolio for the month of June, 2009 showed that in the foods & beverages, it bought United Spirits, Radico Khaitan, EID Parry (India), Britannia Industries and introduced Balrampur Chini Mills. However, it sold Trivenin Engineering.
Buying interest was seen in the automotive sector, where it purchased Maruti Suzuki and introduced Mahindra and Mahindra, Swaraj Mazda, Tata Motors. (Check out - Which sectors are attracting Fund Managers?)
The fund house increased its exposure to Infosys Technologies, Financial Technologies in the IT pack, while pared its coverage on HCL Technologies and exited Satyam Computer, Wipro and Tech Mahindra.
It sold United Phosphorous and exited Nirma in the chemical segment. However, it bought Gujarat State Fertilizers Company.
In the services sector, it exited Indian Hotel Company and sold Adani Enterprises and Kingfisher Airlines.
The scheme sold Hindalco, Tata Steel and exited Monnet Ispat in the metal & mining space, but purchased Gujarat Mineral Development Corporation, Jindal Saw, Jindal Steel and Sterlite Industries.
Table of Stocks bought/ sold by Reliance Mutual Fund ...contd on Page 2