SBI Magnum Global picks Petronet LNG, Welspun Guj

Published on Sat, Jul 07, 2007 at 16:12 |  Source : Moneycontrol.com

Updated at Thu, Jul 12, 2007 at 19:01  

2703 Investors following Infotech Enter. Share this News with them.
0
0
Share on Tumblr

SBI Magnum Global Fund has increased exposure to gas transmission, metal and cement sectors. The scheme made investment in gas transmission sector as it freshly bought 20.11 lakh shares of Petronet LNG and added 6.09 lakh shares of Gujarat State Petronet. (View - What is SBI Magnum Global Fund buying / selling?)

In the services sector, it bought 3.92 lakh shares of Hotel Leela Venture and 0.98 lakh shares of Royal Orchid.

Buying was also seen in cement and construction sectors, wherein it invested in Nagarjuna Construction for 2.52 lakh shares and DS Kulkarni for 0.95 lakh shares.

In the metal sector, the scheme made fresh investment in Godawari Power and Welspun Gujarat for 2.5 lakh and 5.96 lakh shares, respectively.

Conglomerate is another sector, wherein it bought 1.67 lakh shares of Kesoram Industries. The scheme also purchased 1.23 lakh shares of India's largest forging company, Bharat Forge.

In the pharma sector, it made investment in Shasun Chemicals and Drugs for 1.02 lakh shares. However, it sold some shares of Marksans Pharma.

Some buying was seen in technology sector as it bought 1 lakh shares of Infotech Enterprises.

On the other hand, the weightage to metal, cement, services and pharma sectors showed a drop in June though there was buying seen in these sectors.

Infotech Enterprises, Shree Cements and Thermax were the top stocks held by the scheme in June. Cement (18.07%), Engineering (15.2%) and Technology (8.18%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by SBI Magnum Global Fund).

The cash exposure of the scheme has increased from 22.71% to 27.52%. The total assets managed by the scheme were of Rs 1,615 crore as on June 30, 2007.
 
Over the last one-year, SBI Magnum Global Fund has yielded 55.9% returns as against 45.27% yielded by its benchmark BSE 100 as on July 6, 2007.

  

Trending News

Business News

Sony to roll-out ICS update next week, Xperia PLAY gets the boot
Reebok execs named in Rs 870 cr fraud denied anticipatory bail "Reebok execs named in Rs 870 cr fraud denied anticipatory bail"

Live Updates: Bisla keeps KKR in the hunt

Rel Comm Q4 Cons Net Revenue Up 5% At `5,310 Cr (QoQ)

The latest earning numbers FIRST on CNBC-TV18
Videos

May 25 2012, 22:26

NHPC posts profit amid capacity addition, delay woes

- in Results Boardroom

Interviews

May 27 2012, 11:52 | Source: CNBC-TV18

Expect to maintain EBIDTA margin ahead: Wockhardt  

May 27 2012, 11:00 | Source: CNBC-TV18

e-commerce market in India: What's in store?  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!