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Franklin Templeton buys IT, pharma; sells banks, metals

In the information technology space, the fund bought Infosys, Wipro and MindTree. However, it sold Oracle Financial, HCL Infosystems and exited from Hexaware Technologies.

October 21, 2013 / 08:27 AM IST
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Franklin Templeton Asset Management has enhanced its exposure in information technology, pharmaceuticals and telecommunication sector, while decreased its investments from banking & financial services, metals & mining and utilities sector.

Gujarat Pipavav Port, YES Bank and Orient Cement were the top buys, while NHPC, TV18 Broadcast and Tata Motors (DVR) were the top sells.

Disclaimer: and Television Eighteen Network are both part of the Network18 Group.

A study of the Franklin Templeton Asset Management portfolio for the quarter of June-September 2013 showed that in the information technology space, the fund bought Infosys, Wipro and MindTree. However, it sold Oracle Financial Services Software, HCL Infosystems and exited from Hexaware Technologies from the same space.

In the pharmaceuticals segment, it purchased Cipla, Lupin and Torrent Pharmaceuticals, while it sold Cadila Healthcare, Ipca Laboratories, Natco Pharma and exited from Wockhardt.

The fund bought Bharti Airtel, Idea Cellular and Finolex Cables in the telecommunication space. (View - All Bulk Deals by Mutual Funds).

In the banking & financial services sector, the fund sold ICICI Bank, State Bank of India and IndusInd Bank. While it bought Housing Development Finance Corporation, Bajaj Holdings and Kotak Mahindra Bank from the same sector.

The fund sold Hindalco Industries, NMDC, SAIL and exited from Sterlite Industries (India) in the metals & mining segment. However it purchased GMDC, MOIL and Sesa Sterlite in the same segment. (Check out - Which sectors are attracting Fund Managers?)

In the utilities pack, it sold Power Grid, Torrent Power and NHPC. It also exited from Reliance Infrastructure.

Table of Stocks bought/ sold by Franklin Templeton Asset Management...contd on Page 2

 For more Mutual Fund Action in Market click here



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
Gujarat Pipavav Port4,942,349NHPC9,407,139
Yes Bank3,113,352TV18 Broadcast9,152,648
Orient Cement2,957,766Tata Motors (DVR)8,838,972
GMDC2,841,663Hindalco Industries6,920,372
Marico2,741,546Power Grid Corporation6,337,639
Torrent Pharmaceuticals2,402,000NMDC5,009,723
Cipla2,061,360Steel Authority of India3,705,131
BPCL1,907,457GAIL India3,633,206
Asian Paints1,669,280TVS Motor Company2,371,249
Greaves Cotton1,426,008Hindustan Unilever2,299,779
JK Lakshmi Cement1,268,485M & M Financial Services1,637,239
Triveni Engineering1,202,415Hexaware Technologies1,333,729
The Ramco Cements1,159,416Bharti Airtel1,326,529
Tata Motors1,002,166Cummins India1,254,592
Pidilite Industries725,450Jindal Steel & Power993,218
Larsen and Toubro421,796Gateway Distriparks923,444
Tata Chemicals388,917Deepak Fertilizers795,675
Kotak Mahindra Bank374,513Wipro729,503
Oil India365,349IndusInd Bank690,598
Bajaj Holdings & Investment363,018Indian Oil Corporation633,410
HDFC Bank318,920Lancor Holdings531,110
Reliance Industries292,772Gujarat State Petronet529,244
Hero Motocorp273,073State Bank of India496,384
Aditya Birla Nuvo260,798Coal India450,748
Federal Bank246,884ICICI Bank412,211
Lupin243,116Mahindra and Mahindra371,132
Idea Cellular220,489ONGC368,669
Jagran Prakashan217,506Ipca Laboratories360,829
Credit Analysis & Research175,356CRISIL346,516
Shree Cements135,946Kajaria Ceramics320,270
Entertainment Network 133,871Bharat Electronics309,222
Sesa Sterlite122,852Cadila Healthcare291,787
Supreme Industries119,589Berger Paints India288,305
HCL Technologies109,614Karur Vysya Bank267,248
Glenmark Pharma102,899Balkrishna Industries266,663
Swaraj Engines92,563Dr Reddys Laboratories231,655
Zuari Agro Chemicals77,884EID Parry (India)220,667
Bata India75,614Consolidated Construction180,132
Coromandel International70,430Natco Pharma179,792
Maruti Suzuki India49,108ITC172,987
PI Industries48,252Amara Raja Batteries147,410
Sun Pharmaceutical 46,595Simplex Infrastructures139,103
Petronet LNG36,853Torrent Power118,588
MOIL35,602Taj GVK Hotels & Resorts103,985
eClerx Services28,995Infosys101,896
Finolex Cables21,411Apollo Tyres96,197
SKF India19,127DB Corp84,157
FAG Bearings India16,394Bayer CropScience77,659
FDC14,782Crompton Greaves76,464
Motilal Oswal Financial4,432Multi Commodity Exchange64,607
J. K. Cement3,841Polaris Financial Technology63,769
Carborundum Universal2,085Sterlite Industries (India)60,556
AIA Engineering1,404Oracle Financial Services48,714
Bajaj Auto730Wockhardt48,064
Thermax712HCL Infosystems46,648
KEC International687Tata Power Company44,481
Trent649Union Bank of India43,870
Tata Coffee43,470
Havells India43,297
ING Vysya Bank42,334
Sundaram Finance40,234
Jaiprakash Associates30,038
Sadbhav Engineering29,195
Tata Investment Corporation28,467
Repco Home Finance26,292
Tata Consultancy Services25,515
Cairn India25,080
Bharat Heavy Electricals24,285
Tata Steel20,224
Reliance Infrastructure20,168
Axis Bank18,565
Chennai Petroleum Corpn.18,475
Firstsource Solutions15,979
Ambuja Cements15,352
Zuari Global14,583
Orient Paper and Industries12,027
Bank Of Baroda8,530
WABCO India7,980
Dalmia Bharat6,436
Grasim Industries5,835
Infotech Enterprises4,828
Punjab National Bank4,218
Ranbaxy Laboratories4,213
Jyoti Structures3,306
Kaveri Seed Company2,518
Zee Entertainment2,467
UltraTech Cement2,286
Eicher Motors2,211
VST Industries1,990
Grindwell Norton1,283
Navneet Education1,231
Sobha Developers888
Titan Industries28