Friday, November 27, 11:33 pm IST
Hot Searches:  mahindra satyamITCtata steel
| Feedback
Moneycontrol » News Center » Mutual Funds » Analysis
Tata Mutual sells banking, oil, media
Published on Mon, Jul 13, 2009 at 13:36   |  Updated at Mon, Jul 13, 2009 at 15:27  |  Source : Moneycontrol.com

Tata Mutual Fund augmented its exposure to metal & mining, automotive and IT. However, it slashed its exposure to banking , oil & gas and media & entertainment.

Ashok Leyland, Sesa Goa and NTPC were the top buy while GVK Power & Infra, Gujarat State Petronet and Suzlon Energy were the top sell.

The study of the portfolio managed by Tata Mutual Fund on June 30, 2009 showed that, in the metal & mining space, it purchased Gujarat Mineral Development Corporation,Sterlite Industries (India) and introduced Sesa Goa, JSW Steel, Welspun Gujarat Stahl Roh and SAIL. (View - All Bulk Deals by Mutual Funds)

It bought Ashok Leyland, Mahindra and Mahindra and introduced Maruti Suzuki, Tata Motors in the automotive pack.

The fund increased its investment in the IT sector, wherein it bought Mphasis and introduced Tech Mahindra, Wipro. However, it sold HCL Tech, Patni Computer and Oracle Financial. (Check out - Which sectors are attracting Fund Managers?)

In the banking & financial segment, it sold SBI, PNB, Bajaj Holdings & Investment, HDFC Bank and exited Corporation Bank. However it introduced Central Bank of India and purchased Rural Electrification Corporation, Motilal Oswal.

In the oil & gas lot, it sold, Reliance Industries, IOC, BPCL and ONGC.

In the media & entertainment space, it sold Sun TV, NDTV and exited Balaji Telefilms.

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

For more Mutual Fund Action in Market click here 

More news from MF Analysis
WHAT OTHERS LIKE
  • Most Read
  • Most Viewed
24 Hours
7 Days
1 Month
©Network 18, 2009. All Rights Reserved