Kotak Mahindra Mutual Fund has enhanced its coverage in oil & gas, cement & construction and engineering & capital goods sector. However, it reduced its exposure in information technology, telecom and automotive sector.
SJVN, GVK Power and ITC were top buys, while TVS Motor, Mercator Lines and SpiceJet were top sells by the fund.The study of Kotak Mahindra Mutual Fund for the month of March 2011 showed that in the oil & gas sector, the fund purchased ONGC, Reliance Industries and HPCL, while it sold Petronet LNG and Chennai Petroleum Corporation.
In the cement & construction pack, it bought Shree Cements, Madras Cements and NCC. It sold Rain Commodities, UltraTech Cement and exited Ambuja Cements in the same pack. (View - All Bulk Deals by Mutual Funds).
The fund bought Alstom Projects, Bharat Heavy Electricals and introduced Mundra Port in the engineering & capital goods sector.
However, it sold Larsen and Toubro, Tecpro Systems and Havells India. It also exited Commercial Engineers and Body Builders in the same sector.
The selling was seen in the information technology, telecom and automotive sector. In the information technology space, it sold TCS, Infosys Technologies and Oracle Financial Services.
In the telecom segment, it sold Siemens and Tata Communications, while bought Bharti Airtel. (Check out - Which sectors are attracting Fund Managers?)
The fund exited Ashok Leyland and TVS Motor in the automotive sector. It sold Tata Motors, Hero Honda Motors and Mahindra and Mahindra, while it purchased Exide Industries. Table of Stocks bought/ sold by Kotak Mahindra Mutual Fund...contd on Page 2 For more Mutual Fund Action in Market click here _PAGEBREAK_ 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 Feb-March 2011.
| Stock | Shares Bought | Stock | Shares Sold | |
| SJVN | 700,000 | TVS Motor Company | 765,000 | |
| GVK Power & Infras | 500,000 | Mercator Lines | 700,000 | |
| ITC | 425,000 | SpiceJet | 638,000 | |
| Union Bank of India | 356,232 | Shree Renuka Sugars | 510,000 | |
| Chambal Fertilisers | 350,784 | HDFC | 474,750 | |
| Indian Overseas Bank | 350,000 | Jubilant Life Sciences | 360,000 | |
| Indian Bank | 315,000 | Aurobindo Pharma | 355,450 | |
| Power Finance Corporation | 299,276 | Dish TV | 303,249 | |
| Mundra Port and Special | 250,000 | ICICI Bank | 286,000 | |
| ONGC | 250,000 | Petronet LNG Ltd | 250,000 | |
| Canara Bank | 203,316 | YES BANK | 245,000 | |
| Madras Cements | 192,419 | Sintex India | 228,407 | |
| Texmaco Rail and Engin | 191,056 | IndusInd Bank | 228,229 | |
| Rural Electrification Corpn. | 177,588 | Maharashtra Seamless | 187,741 | |
| Fortis Healthcare (India) | 100,000 | Siemens | 167,500 | |
| Crompton Greaves | 99,000 | Tata Communications | 150,000 | |
| Tata Steel | 96,000 | JK Paper | 110,740 | |
| Alstom Projects | 92,101 | HCL Technologies | 104,000 | |
| NCC | 90,000 | Sobha Developers | 87,012 | |
| HPCL | 89,500 | Axis Bank | 84,472 | |
| EID Parry (India) | 89,309 | Sesa Goa | 80,000 | |
| Indian Oil Corporation | 83,000 | Glenmark Pharma | 78,000 | |
| Bharti Airtel | 77,500 | Oriental Bank of Commerce | 77,500 | |
| GAIL India | 75,000 | Bank Of India | 72,477 | |
| Hindustan Media Ventures | 69,000 | Ashok Leyland | 70,000 | |
| Exide Industries | 68,146 | West Coast Paper Mills | 67,119 | |
| United Phosphorous | 50,000 | Coal India | 66,382 | |
| Shree Cements | 47,522 | Tata Consultancy Services | 66,000 | |
| Bharat Heavy Electricals | 40,000 | Havells India | 60,500 | |
| KEC International | 39,842 | Tecpro Systems | 60,008 | |
| Reliance Industries | 35,000 | Mahindra and Mahindra | 53,500 | |
| Raymond | 34,338 | India Glycols | 52,500 | |
| Dr Reddys Laboratories | 34,000 | Shriram Transport Finance | 50,000 | |
| Zuari Industries | 30,500 | Grasim Industries | 49,460 | |
| Great Eastern Shipping | 27,962 | Tata Motors | 48,840 | |
| Corporation Bank | 27,383 | Ipca Laboratories | 45,002 | |
| Dabur India | 26,778 | Commercial Engineers | 41,326 | |
| Jaiprakash Associates | 25,000 | Ambuja Cements | 40,000 | |
| Karnataka Bank | 24,000 | Jubilant Foodworks | 39,070 | |
| NTPC | 21,800 | Rain Commodities | 35,256 | |
| Torrent Pharmaceuticals | 18,000 | Chennai Petroleum Corpn. | 35,000 | |
| Zodiac Clothing Company | 18,000 | Jet Airways | 33,400 | |
| Stride Arcolab | 17,423 | Larsen and Toubro | 30,000 | |
| SKF India | 15,955 | Pantaloon Retail | 28,551 | |
| HDFC Bank | 15,750 | Lupin | 27,000 | |
| Whirlpool of India. | 11,425 | Power Grid Corporation | 23,000 | |
| Godrej Consumer Products | 10,746 | Cummins India | 22,337 | |
| Sundaram Finance | 9,000 | Titan Industries | 18,000 | |
| GMDC | 8,863 | Sun Pharmaceutical | 17,500 | |
| Sun TV Network | 6,000 | Infosys Technologies | 16,050 | |
| Emami | 4,000 | Century Textiles | 16,000 | |
| GlaxoSmithKline Consumer | 2,000 | Hero Honda Motors | 15,149 | |
| HT Media | 822 | Allahabad Bank | 12,377 | |
| Persistent Systems | 11,000 | |||
| Techno Electric | 10,683 | |||
| UltraTech Cement | 10,000 | |||
| Jammu and Kashmir Bank | 8,681 | |||
| State Bank of India | 8,500 | |||
| INEOS ABS (India) | 8,408 | |||
| Container Corporation | 6,718 | |||
| Asian Paints | 5,000 | |||
| Oracle Financial Services | 3,462 | |||
| Birla Corporation | 2,645 | |||
| Punjab National Bank | 2,500 |
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
