Moneycontrol » News » Mutual Funds » Analysis

RIL, ITC, Nalco top HDFC MF sell list in August

Published on Mon, Sep 11, 2006 at 18:09 | Source : Moneycontrol.com

Updated at Tue, Sep 12, 2006 at 17:23

19538 Investors following HPCL. Share this News with them.

Share on Tumblr

HDFC Mutual Fund augmented exposure to banking, cement, chemical, oil and gas, and engineering sectors. It reduced its weightage to auto, media, IT and pharma stocks. Stocks were re-aligned in the metal, FMCG and telecommunication sectors.

A study of equity portfolios of HDFC mutual fund for the month of August shows that it bought banking majors BoB, PNB, ICICI Bank, HDFC Bank and HDFC, but sold SBI. In the cement pack, Gujarat Ambuja Cement and ACC were bought. (Check out - Bulk Deals by Mutual Funds)

The fund added to its investments in the chemical stocks - Asian Paints, Kansai Nerolac Paint and Monsanto India. In oil and gas sector, HPCL was the top buy with over 40.6 lakh shares purchased. Hindustan Oil Exploration, Kochi Refineries and IOC too were bought, while it sold over 12.8 lakh shares of index heavyweight Reliance Industries. In engineering sector, BHEL, KEC Infrastructure and Shanti Gears were the top buys, while Thermax was the top sell.

HDFC MF pared exposure to auto, media, IT and pharma stocks. Auto majors Maruti, Tata Motors, M&M and Hero Honda were sold by the scheme while Ashok Leyland, Exide Industries were the top bought stocks. In the IT sector, TCS and Infosys were the top sells. It exited from Mphasis and Datamatics Technologies, while HCL Tech was the top bought stock.

In media pack, the fund sold Zee Telefilms and Sun TV . It also exited TV18. Weightage to pharma pivotals Ranbaxy, Cipla and Sun Pharma was shelved. However, it bought small quantity of Divis Labs.

Among other prominent purchases, it sold over 9 lakh shares of FMCG heavyweight ITC, while it bought over 5.7 lakh shares of Titan Industries. It exited Everest Kanto Cylinder.

For more Mutual Fund Action in Market click here

Stock	Shares bought	Stock	Shares sold
Himatsingka Seide	6,543,779	Reliance Industries	1,281,352
HPCL	4,066,122	ITC	912,508
Ashok Leyland	1,500,000	Datamatics Technologies	692,233
ISMT	1,448,520	NALCO	600,012
Hindustan Oil Exploration	899,999	Everest Kanto Cylinder	570,728
Reliance Communications	756,546	Zee Telefilms	299,551
Exide Industries	700,000	Maruti Udyog	255,461
Titan Industries	574,160	Ranbaxy Laboratories	238,758
GAIL India	522,366	Tata Motors	229,578
GE Shipping Company	500,000	Tamil Nadu Newsprint	213,808
Kochi Refineries	500,000	Cipla	197,619
GlaxoSmithKline Consumer	379,446	Mphasis BFL	146,713
Asian Paints	325,286	Sun Pharmaceutical	130,104
Apollo Tyres	281,021	Hindustan Zinc	108,000
Indian Oil Corporation	250,000	Thermax	100,000
Hindustan Lever	230,229	Mahavir Spg. Mills	98,151
Bharat Heavy Electricals	194,405	Siemens	97,478
Container Corporation	122,000	Mahindra and Mahindra	75,002
Amtek Auto	100,000	Hero Honda Motors	74,526
Bank Of Baroda	100,000	Esab India	62,032
KEC Infrastructures	100,000	EID Parry (India)	50,000
Maharashtra Seamless	100,000	Sun TV	49,400
Punjab National Bank	99,994	Tata Consultancy Services	49,082
Shanthi Gears	50,000	Tata Tea	43,012
AIA Engineering	42,500	State Bank of India	36,377
Kansai Nerolac Paints	42,293	Blue Star	35,808
HCL Technologies	24,991	Television Eighteen	27,042
Monsanto India	24,466	Infosys Technologies	17,894
Motor Industries Company	19,009	Sesa Goa	15,000
Financial Technologies	10,000	Cranes Software	14,861
NTPC	5,909	Grasim Industries	9,671
Gujarat Ambuja Cements	5,171	Alfa Laval (India)	2,167
ICICI Bank	4,247
Hindalco Industries	4,140
Bharti Airtel	3,136
Tata Steel	1,977
Divis Laboratories	1,535
Satyam Computer Services	1,466
Wipro	1,343
ONGC	1,299
HDFC Bank	1,194
HDFC	1,074
Reliance Energy	668
Larsen and Toubro	601
ACC	587
Bajaj Auto	339