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DSP BlackRock picks IT, metal, telecom; sells oil&gas

DSP BlackRock Mutual Fund has increased its exposure to information technology, metals & mining and telecommunication sector. However, it slashed its exposure to oil & gas, banking & financial services and chemicals space.

February 10, 2011 / 16:40 IST
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DSP BlackRock Mutual Fund has increased its exposure to information technology, metals & mining and telecommunication sector. However, it slashed its exposure to oil & gas, banking & financial services and chemicals space.

Top buys by the fund were Praj Industries, Coal India and Bharti Airtel, while top sells includes Hindustan Construction Company, Reliance Industries and IDFC. A study of the scheme for the month of January 2011 shows that in the information technology space, it bought Infosys Technologies, TCS and KPIT Cummins. However, it sold HCL Technologies, CMC and eClerx Services. The scheme has purchased Cola India, Tata Steel and Hindalco in the metals & mining space. It sold Hindustan Zinc, Usha Martin and GMDC. The fund exited from JSW Steel in the same space. (View - All Bulk Deals by Mutual Funds) In the telecommunication lot, it bought Bharti Airtel, Tata Communication, Siemens and Idea Cellular. The scheme sold Reliance Industries, Cairn India and GAIL India, while bought IOCL, HPCL and BPCL in the oil & gas sector. It sold Rural Electrification Corporation, Mahindra & Mahindra Financial Services and SBI in the banking & financial services space. The fund exited from Oriental Bank of Commerce, IDBI Bank and Infrastructure Development Finance Company. However, it bought ICICI Bank, Bank Of India and HDFC Bank and introduced Kirloskar Brothers Investments in the space. (Check out - Which sectors are attracting Fund Managers?) In the chemicals pack, it sold Zuari Industries, Coromandel International and Bayer Cropscience and exited from Kiri Dyes and Chemicals. The fund bought Rallis India in the space. Table of Stocks bought/ sold by DSP BlackRock Mutual Fund...contd on Page 2 For more Mutual Fund Action in Market click here _PAGEBREAK_ Note - The number of shares has been calculated based on the closing price of the stocks on the BSE/NSE as on the portfolio date for Dec 2010-Jan 2011.

Company NameShares BoughtStockShares Sold
Praj Industries4,758,928Hindustan Construction4,345,841
Coal India1,592,248Reliance Industries2,381,475
Bharti Airtel1,169,327IDFC2,021,036
Jaiprakash Associates1,036,433Mercator Lines1,716,371
Tata Steel952,067Consolidated Construction1,630,841
ICICI Bank634,081Suzlon Energy1,586,838
Indian Oil Corporation556,033Cairn India1,440,238
Arvind533,995Usha Martin1,194,152
Bank Of India516,524IDBI Bank919,721
Indian Hotels Company499,494Hindustan Unilever875,394
Tata Consultancy Services477,376Chambal Fertilisers859,147
Infosys Technologies457,225HCL Technologies833,423
Timken India444,822Zee Entertainment776,467
Hindalco Industries444,442Mahindra Lifespace697,499
HPCL417,088Shasun Pharmaceuticals682,625
Reliance Industrial Infra394,631Oriental Bank of Commerce679,250
Gujarat State Petronet365,180Rural Electrification Corpn.643,086
HDFC Bank334,075M & M Financial Services501,710
Binani Industries314,543GAIL India484,942
BPCL250,530GVK Power & Infra.433,583
Biocon230,075Lupin422,853
Nagarjuna Construction194,508ONGC416,448
Tata Power Company191,089Shree Renuka Sugars400,824
Jindal Steel & Power183,969Sun TV Network389,459
Kajaria Ceramics146,121TVS Motor Company387,510
Bharat Heavy Electricals140,085Petronet LNG Ltd355,700
NTPC128,342State Bank of India353,819
Sterlite Industries (India)122,236Cadila Healthcare296,969
NMDC100,326Alembic286,889
Ranbaxy Laboratories99,378Bank Of Baroda275,233
Jyothy Laboratories90,004Larsen and Toubro217,684
IndusInd Bank87,894PTC India211,229
Tata Communications86,896Tata Motors (DVR)198,873
Godrej Properties75,000Bajaj Electricals190,805
KPIT Cummins Infosystems74,769Kiri Dyes and Chemicals190,391
Jindal Saw66,036ICRA189,335
Hindustan Dorr-Oliver59,175Tata Coffee187,465
Mahindra and Mahindra55,051Ballarpur Industries185,267
Kirloskar Brothers 54,322Sundaram Finance183,695
Rallis India48,396Cummins India167,457
Siemens44,280KSK Energy Ventures157,440
TRF36,999Tata Chemicals155,969
Axis Bank35,989Bayer Cropscience154,519
KEC International33,547Jyoti Structures151,232
Aurobindo Pharma29,997Cipla150,157
Exide Industries29,610Torrent Power137,975
Bharat Bijlee27,451eClerx Services128,398
Tata Elxsi25,091Dish TV127,017
Mphasis24,685Sintex India120,067
Sesa Goa20,476Adani Power113,219
Hathway Cable20,401Great Eastern Shipping Co.108,973
Indoco Remedies17,043Hindustan Zinc105,484
ILandFS Transportation14,680Dena Bank91,812
ITC12,814Sadbhav Engineering81,482
EID Parry (India)11,271Sobha Developers79,514
Pfizer9,462Jubilant Life Sciences77,391
TTK Prestige7,684BGR Energy Systems76,926
Kennametal India7,522ING Vysya Bank75,424
Take Solutions7,460Indian Bank63,650
IL&FS Engineering3,846Jammu and Kashmir Bank63,393
NIIT3,077Pantaloon Retail60,358
Oracle Financial Services2,966Agre Developers60,349
Ipca Laboratories2,719GlaxoSmithKline Consumer56,641
Gateway Distriparks2,697Nitesh Estates53,247
GIC Housing Finance2,261IRB Infrastructure Dev.47,850
Karur Vysya Bank2,124SpiceJet42,997
Areva T&D1,649CESC40,234
BL Kashyap & Sons1,626Parenteral Drugs (India)36,913
Nilkamal1,475Whirlpool of India.32,658
Torrent Pharmaceuticals1,469C and C Constuctions27,218
Steel Strips Wheels1,301Thermax26,812
Tilaknagar Industries768Voltas26,085
HT Media739Havells India23,881
GlaxoSmithKline Pharma623Everonn Education23,763
Bombay Dyeing575Coromandel International23,513
Ador Welding509Idea Cellular23,259
NIIT Technologies502Power Grid Corporation19,491
Television Eighteen428Allied Digital Services19,393
GNVFC331Zuari Industries15,804
Phillips Carbon Black303Crompton Greaves15,483
Vardhman Textiles271Glenmark Pharma12,650
GMDC234Nucleus Software11,758
Titan Industries231Gujarat Gas Company11,647
Hindustan Media Ventures229Power Finance Corporation10,270
Kirloskar Brothers219SRF9,424
Bharat Forge206Britannia Industries9,362
Hexaware Technologies187Eicher Motors8,729
Tata Global Beverage160Bajaj Auto8,177
BEML149Bharat Electronics7,834
APL Apollo Tubes130Hinduja Global Solutions6,733
Castrol India125Mundra Port and Special 6,490
AIA Engineering125Bajaj Finance6,192
Godrej Consumer Products108KPR Mill5,970
DQ Entertainment Inter.5,862
HDFC5,746
Tecpro Systems5,036
Oil India4,926
Adhunik Metaliks4,708
Gujarat State Fertilizers4,172
Indosolar3,789
Engineers India3,653
ABB3,326
Astec Lifesciences3,294
Century Textiles2,960
Kotak Mahindra Bank2,452
CMC2,368
Ashoka Buildcon2,314
Shriram Transport Finance1,986
Indraprastha Gas1,465
JSW Steel1,360
Unichem Laboratories1,352
AstraZeneca Pharma1,349
Entertainment Network 1,307
Gujarat NRE Coke (DVR)1,243
Godrej Industries1,032
JMC Projects (India)901
Grasim Industries799
Alstom Projects746
Gujarat Pipavav Port687
Shiv Vani Oil & Gas561
Lumax Auto Technologies486
Rane Madras460
Fresenius Kabi Oncology416
Tulip Telecom381
Fortis Healthcare355
Piramal Life Sciences327
Ahluwalia Contracts India296
Pidilite Industries286
Radico Khaitan282
Mount Everest Mineral218
Wipro162
Deep Industries160
Deccan Chronicle Holdings157
Vascon Engineers146
Sun Pharmaceutical 142
DB Corp123
DCM Shriram Consolidated110
United Breweries107
first published: Feb 10, 2011 04:30 pm

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