HomeNewsBusinessMutual FundsBirla Sun Life picks IT, metals; sells banking, engg

Birla Sun Life picks IT, metals; sells banking, engg

Sesa Sterlite, LIC Housing Finance and Orient Cement were the top buys, while Mahindra Satyam, Sterlite Industries (India) and Ashok Leyland were the top sells by Birla Sun Life Asset Management.

October 29, 2013 / 10:13 IST
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Birla Sun Life Asset Management has enhanced its exposure in information technology, metals & mining and pharmaceuticals sector, while it slashed its exposure in the banking & financial services, engineering & capital goods and utilities segment.

Sesa Sterlite, LIC Housing Finance and Orient Cement were the top buys, while Mahindra Satyam, Sterlite Industries (India) and Ashok Leyland were the top sells by the fund. The study of Birla Sun Life Asset Management for the quarter of June-September 2013 shows that in the information technology segment, it purchased Tech Mahindra, Infosys, HCL Technologies and introduced eClerx Services. The fund sold Hinduja Ventures and exited Mahindra Satyam and Financial Technologies from teh same segment. The fund bought Sesa Sterlite, Hindustan Zinc and NMDC in the metals & mining, while it exied Sterlite Industries (India) and also introduced JSW Steel. (View - All Bulk Deals by Mutual Funds). In the pharmaceuticals sector, it purchased Glenmark Pharma, Lupin and Dr Reddys Laboratories, while it sold Wyeth, Torrent Pharmaceuticals and exited Wockhardt from the same sector. The fund exited Bank Of India, United Bank of India, India Infoline and Maestros Mediline Systems from banking & financial services. It also sold Yes Bank, ICICI Bank and Canara Bank. However, it bought HDFC Bank, Axis Bank and IndusInd Bank. (Check out - Which sectors are attracting Fund Managers?) In the engineering & capital goods sector, the fund sold L&T, Jaiprakash Associates and Cummins India. It also exited from IRB Infrastructure Developers from the same sector. However, it bought Engineers India and ALSTOM India. The fund sold Power Grid Corporation, NTPC, Tata Power and Reliance Infrastructure in the utilities segment, while it bought JSW Energy. Table of Stocks bought/ sold by Birla Sun Life Asset Management...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 June-September 2013.

StockShares boughtStockShares sold
Sesa Sterlite8,057,353Mahindra Satyam14,656,867
LIC Housing Finance3,542,690Sterlite Industries (India)10,795,768
Orient Cement3,488,772Ashok Leyland5,440,351
IndusInd Bank1,905,086Jaiprakash Associates3,580,036
Tech Mahindra1,857,288Power Grid Corporation3,547,722
Bharti Airtel1,749,484Yes Bank3,252,991
HDFC Bank1,631,256Dish TV2,872,108
ITC1,595,091Future Retail2,544,307
National Aluminium Company1,522,991NTPC2,316,438
Adani Enterprises1,068,372Canara Bank2,217,765
Cairn India1,035,417IDFC2,203,581
Sun Pharmaceutical Industries1,033,827Hindustan Unilever2,143,336
City Union Bank969,101Jaypee Infratech2,113,601
NMDC866,526United Bank of India2,015,054
Axis Bank822,751South Indian Bank1,853,960
Bajaj Corp822,194Tata Power Company1,675,873
Glenmark Pharma813,540Indian Bank1,674,618
Hindustan Zinc793,187Orient Paper and Industries1,293,890
JSW Energy789,380Oriental Bank of Commerce1,275,730
Marico647,906Adani Ports and Special1,165,537
Tata Global Beverage557,628Financial Technologies1,108,198
Wipro549,859PTC India887,875
Coal India507,838Hexaware Technologies867,211
ING Vysya Bank485,913ICICI Bank819,174
HDFC384,251Jet Airways802,834
Akzo Nobel India334,790Kalpataru Power Trans761,526
Voltas309,966Union Bank of India741,842
Jindal Steel & Power284,209Tata Motors722,075
Prestige Estates Projects272,638Bank Of India716,397
Emami230,270Reliance Capital680,843
Lupin223,141Castrol India628,172
NIIT Technologies213,117Motherson Sumi Systems622,285
Sobha Developers204,286HPCL569,976
Torrent Pharmaceuticals204,107Gateway Distriparks566,636
Kotak Mahindra Bank198,229Deepak Fertilizers562,477
Asian Paints193,149Unitech547,941
Radico Khaitan165,723Crompton Greaves536,930
Mahindra and Mahindra159,782Jain Irrigation Systems417,076
Hero Motocorp155,301India Infoline405,985
Maruti Suzuki India151,727State Bank of India388,046
Mcleod Russel (India)149,862Dhanlaxmi Bank363,132
Infosys148,746Gujarat State Fertilizers360,448
Petronet LNG146,579Dishman Pharmaceuticals350,513
Berger Paints India99,853Sun TV Network327,005
Raymond97,321Repco Home Finance320,884
Federal Bank94,998Aurobindo Pharma315,110
Megasoft90,913M & M Financial Services297,393
Supreme Industries87,788KEC International278,859
Jyothy Laboratories70,863Shriram City Union Finance276,941
Bata India70,046Lanco Infratech271,718
Hathway Cable and Datacom68,826SundaramClayton270,939
Exide Industries66,705Zee Entertainment249,096
Biocon62,398Karur Vysya Bank241,724
Pidilite Industries60,475Dabur India241,653
Nestle India60,301Indian Oil Corporation240,588
Tata Consultancy Services58,984Oil India212,313
Credit Analysis and Research56,074The Ramco Cements195,309
MindTree54,536Reliance Industries183,973
Colgate Palmolive (India)53,151Balrampur Chini Mills175,462
JSW Steel51,960Cipla169,806
United Phosphorous51,053IRB Infrastructure161,821
Pfizer42,874DQ Entertainment 158,489
Divis Laboratories41,650Jyoti Structures149,564
Britannia Industries41,101Power Finance Corporation146,651
United Spirits40,295Oberoi Realty141,592
Sundaram Finance33,526ONGC129,394
Sadbhav Engineering30,553Coromandel International129,055
Ipca Laboratories29,777Greaves Cotton123,331
UltraTech Cement28,677Cummins India119,065
Shoppers Stop26,854Havells India113,482
ICRA25,354Bajaj Electricals110,183
Tata Coffee24,659Idea Cellular107,508
Wyeth22,922DLF106,210
Great Eastern Shipping Co20,493Jammu and Kashmir Bank86,439
Eicher Motors18,259J. K. Cement70,684
HT Media12,748Chennai Petroleum Corpn.69,873
Bajaj Finance12,463Corporation Bank67,002
Jagran Prakashan12,412Gujarat Industries Power Co.66,100
PVR12,273Bayer CropScience64,701
Persistent Systems10,272VMart Retail61,926
Honeywell Automation9,870Phillips Carbon Black58,608
MT Educare9,730Larsen and Toubro55,750
Titan Industries8,942Simplex Infrastructures53,942
Astral Poly Technik8,636Maestros Mediline Systems50,263
MphasiS7,906United Breweries Holdings45,996
Phoenix Mills7,353Indraprastha Gas45,992
Bharat Heavy Electricals7,188Chola Investment & Finance Co45,354
Ambuja Cements6,714Jubilant Foodworks41,847
Schneider Electric Infra4,031NCC39,553
Styrolution ABS (India)3,625Engineers India36,796
Whirlpool of India.3,368United Breweries36,480
MRF3,121Thermax35,254
Federal-Mogul Goetze2,538ACC34,615
eClerx Services2,536Century Textiles34,445
Oracle Financial Services1,798HCL Technologies32,711
Balkrishna Industries1,411AIA Engineering32,531
ITD Cementation India1,388Dr Reddys Laboratories32,494
GlaxoSmithKline Pharma961DB Corp29,545
ABB574Tata Steel28,507
Fulford (India)505Bajaj Auto28,481
GAIL India430Solar Industries India26,681
Ranbaxy Laboratories334Cox & Kings25,485
Sanofi India298Siemens25,115
Grasim Industries25,104
Bank Of Baroda24,812
BPCL21,718
Kewal Kiran Clothing21,562
Multi Commodity Exchange19,917
Shree Cements19,534
FAG Bearings India19,450
ILandFS Transportation19,327
Reliance Infrastructure18,890
VST Industries18,674
Max India17,571
CRISIL14,609
Apar Industries14,602
Wockhardt13,775
Info Edge India13,353
Va Tech Wabag13,321
Bharat Bijlee11,952
Zuari Agro Chemicals10,166
Godrej Consumer Products8,818
ALSTOM India7,905
WABCO India6,609
Alstom T&D India6,546
Kansai Nerolac Paints4,892
Just Dial4,843
Punjab National Bank4,777
Cadila Healthcare3,928
Trent3,449
Hinduja Ventures3,054
Strides Arcolab1,885
Bosch1,772
Page Industries1,396
P & G Hygiene & Health Care1,373
Hindalco Industries953
Blue Dart Express492
Zydus Wellness477
Disa India248
CMC74
first published: Oct 29, 2013 10:13 am

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