Bank of Baroda, Guj Pipavav, Elecon Engg top sells: Tata MF

Tata Mutual Fund has decreased its weightage in information technology, manufacturing and services. However, it has increased its investments in automotive, utilities and chemicals.

Bank Of Baroda, Gujarat Pipavav Port and Elecon Engineering Company were the top sells by the fund, while Power Grid Corporation, Federal Bank and Suzlon Energy were the top buys.

A study of the scheme for the quarter of April-June 2015 shows that in the information technology space, the fund sold Infosys, Wipro, Cyient and also exited from Persistent Systems. However, it bought Tata Consultancy Services and HCL Technologies.

It sold Bharat Forge, Metalyst Forgings, Astral Poly Technik and exited from Lovable Lingerie, Sarla Performance Fibers and Ramkrishna Forgings in the manufacturing segment, while it introduced Sundram Fasteners. (View - All Bulk Deals by Mutual Funds).

In the services pack, the fund sold Jet Airways, Blue Dart Express and exited from Gujarat Pipavav Port. Whereas, in the same pack it bought Container Corporation of India.

The fund purchased Tata Motors, Maruti Suzuki India and Tata Motors (DVR) in the automotive sector. While, it sold Eicher Motors, MRF, Hero Motocorp and exited from Exide Industries. (Check out - Which sectors are attracting Fund Managers?).

It bought Power Grid Corporation of India in the utilities segment.

In the chemicals pack, the fund bought Solar Industries India, Bayer CropScience and Asian Paints. It also introduced Kansai Nerolac Paints and Rallis India. While, it sold Finolex Industries, UPL and Castrol India from the same pack.

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

 For more Mutual Fund Action in Market click here

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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 April-June 2015.

Posted by Haresh Gala