Tata Mutual Fund picks engineering, auto; sells IT, oil&gas

Mangalore Refinery, Gujarat Pipavav Port and Gujarat State Petronet were the top buys, while Balrampur Chini Mills, Adani Ports and NTPC were the top sells.

The study of the portfolio managed by Tata Mutual Fund for the month of June 2012 shows that, in the engineering & capital goods sector the fund bought Larsen and Toubro, Gujarat Pipavav Port and Alstom Projects, while it sold Siemens, SKF India and FAG Bearings India. It also exited Bharat Bijlee and Adani Ports from the same space. (View - All Bulk Deals by Mutual Funds).

In the automotive segment, it purchased Maruti Suzuki India, Bajaj Auto and Hero Motocorp. However, it sold Tata Motors (DVR), Amara Raja Batteries and WABCO India.

The fund bought Shree Cements, Sadbhav Engineering and Jaiprakash Associates in the cement & construction sector but it sold Ambuja Cements, National Buildings Construction Corporation and Rain Commodities in the same sector.

In the information technology space, it sold HCL Technologies, Wipro, NIIT Technologies and exited OnMobile Global. However, in the same space the fund purchased Polaris, MphasiS and Persistent Systems. (Check out - Which sectors are attracting Fund Managers?).

The fund sold Cairn India, HPCL and BPCL in the oil & gas pack, while it bought ONGC, Gujarat State Petronet and Mangalore Refinery.

In the food & beverages space it sold Nestle India and exited Balrampur Chini Mills, while it purchased GlaxoSmithKline Consumer Healthcare.

Table of Stocks bought/ sold by Tata Mutual Funds...contd on Page 2

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