![]() SBI Magnum Global picks Petronet LNG, Welspun GujPublished on Sat, Jul 07, 2007 at 16:12 | Source : Moneycontrol.com Updated at Thu, Jul 12, 2007 at 19:01
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.
PREVIOUS STORY Trending NewsBusiness News
|
NewsVideos
Interviews
May 27 2012, 11:52 | Source: CNBC-TV18 ![]() May 27 2012, 11:00 | Source: CNBC-TV18 ![]() Subscribe to Moneycontrol Newsletters |
|||||||