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

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

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.

July 27, 2015 / 10:59 IST
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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 BarodaGujarat Pipavav Port and Elecon Engineering Company were the top sells by the fund, while Power Grid CorporationFederal Bank and Suzlon Energy were the top buys.

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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).