Stocks that saw fund action in October

Published on Thu, Nov 02, 2006 at 17:13 |  Source : Moneycontrol.com

Updated at Thu, Nov 02, 2006 at 19:17  

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A study of all the bulk deals by mutual funds on the BSE and the NSE in the month of October shows that HEG, Aditya Birla Nuvo and Gwalior Chemical were the top buys, while TV Today Network, Cyber Media and NDTV topped the sell list. (Check out - Bulk Deals by MFs in October)  

Stocks Shares Bought
HEG

1,000,000

AdityaBirlaNuvo

599,950

Gwalior Chem

519,474

Sundarmfin

500,000

Heritage Food

384,711

Ciba Special

239,000

Global Vectr

200,000

IBP Company

135,000

JMC Projects

128,084

Nahar Spinni

125,000

CCL Product

100,000

Junior BeES

63,225

Liquid Bees

61,487

Easun Reyrl

20,000

HEG was bought by Prudential ICICI Premier Fund in the month of October. They bought 10 lakh shares at Rs 140 on the BSE.

HSBC Global Investment Fund purchased over 5.99 lakh shares of Aditya Birla Nuvo at Rs 875.5 per share on the BSE.

Major bulk deal also happened in Gwalior Chemical, wherein Pudential ICICI Mutual Fund bought over 3.69 lakh and 1.5 lakh shares at Rs 92.6 and 93.31 per share on the NSE and BSE, respectively. Meanwhile, over 2.39 lakh shares of the stock was sold by Principal Resurgent India Fund.

The fund houses also purchased other stocks in bulk like Heritage FundsCiba Special and Global Vectra.

Stocks

Shares Sold

TV Today

930,000

Cyber Media

495,095

NDTV

433,758

CMC

308,469

Oudh Sugar

263,306

Gwalior Chem

239,268

OCL India

224,659

Dredging Cor

163,445

Liquid Bees

108,278

Junior BeES

23,554

On the other hand, major bulk sale happened in TV Today Network wherein Templeton Mutual Fund sold 9.3 lakh shares at Rs 75.02 on the BSE.

Major selling was also witnessed in Cyber Media and NDTV by Fidelity Mutual Fund and Templeton Mutual Fund over 4.95 lakh shares were sold at Rs 89.69 and 4.33 lakh shares at Rs 222.32, respectively on the NSE.

CMC, Oudh Sugar and OCL India were the other stocks, which saw bulk sale in the October month.

For more Mutual Fund Action in Market click here

  

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