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Tata Mutual Funds drops banks, engg; picks chemicals

Jaiprakash Power Ventures, Jyoti Structures and South Indian Bank were the top sells by the fund, while Axis Bank, JSW Energy and Tata Motors (DVR) were the top buys.

October 30, 2014 / 03:15 PM IST
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Tata Mutual Fund has decreased its weightage in engineering and capital goods, banking and financial services and oil and gas. However, it has increased its investments in chemicals, automotive and cement & construction.

Jaiprakash Power VenturesJyoti Structures and South Indian Bank were the top sells by the fund, while Axis BankJSW Energy and Tata Motors (DVR) were the top buys.

A study of the scheme for the quarter of July-September 2014 shows that in the engineering and capital goods space, the fund sold Larsen and Toubro, Engineers India and Adani Ports and also exited from Jyoti Structures, Crompton Greaves and Kirloskar Brothers. However, it bought Sadbhav Engineering, IRB Infrastructure Developers, AIA Engineering and introduced Shakti Pumps (India).

It sold ICICI Bank, Axis Bank, Rural Electrification Corporation and exited from Bajaj Finance in the banking and financial services segment, while it purchased Yes Bank, Shriram Transport Finance Corporation and State Bank of India. (View - All Bulk Deals by Mutual Funds).

In the oil and gas pack, the fund sold Reliance Industries, Cairn India and Bharat Petroleum Corporation and exited from Gujarat Gas Company and Petronet LNG. Whereas, in the same pack it bought Oil and Natural Gas Corporation and Gujarat State Petronet and also introduced Aban Offshore and Indraprastha Gas.


Disclosure: Network 18, which publishes, is now part of the Reliance Group

The fund purchased Asian Paints, Bayer CropScience and introduced Atul, Aarti Industries, UPL and Coromandel International in the chemicals sector. While, it sold Castrol India, Chambal Fertilisers and exited from Pidilite Industries and Rallis India. (Check out - Which sectors are attracting Fund Managers?).

It bought Eicher Motors, Bosch, Maruti Suzuki India and introduced Tata Motors (DVR) in the automotive segment. However, it sold Tata Motors and Bajaj Auto same segment.

In the cement & construction pack, the fund bought Kajaria Ceramics, Ambuja Cements and The Ramco Cements. It also introduced JK Lakshmi Cement, HSIL, Cera Sanitaryware and Mangalam Cement. While, it sold Simplex Infrastructures, Shree Cements and ACC 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


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 July-September 2014.

StockShares bought StockShares sold
Axis Bank3,092,211 Jaiprakash Power Ventures9,678,986
JSW Energy1,111,712 Jyoti Structures2,596,382
Tata Motors (DVR)1,111,171 South Indian Bank1,484,426
Gujarat State Petronet1,094,127 Voltas1,316,845
Asian Paints1,055,924 Engineers India1,228,459
Sadbhav Engineering877,025 Torrent Power1,004,321
ONGC821,865 Cairn India551,519
CCL Products India817,717 Adani Ports and Special500,729
Yes Bank706,301 Chambal Fertilisers499,659
Strides Arcolab683,337 Allahabad Bank441,835
JK Lakshmi Cement647,899 Crompton Greaves438,620
Aarti Industries636,322 Texmaco Rail and Engin.436,754
Ambuja Cements572,749 Reliance Industries408,451
Hindustan Zinc517,627 Navneet Education405,395
UPL468,758 GMDC401,295
Hexaware Technologies428,252 Wonderla Holidays389,747
Shriram Transport Finance406,030 Bharat Forge375,989
Rural Electrification Corpn.388,750 Titan Company371,821
HSIL383,379 Jindal Steel & Power322,730
ITC336,714 Larsen and Toubro307,582
Eveready Industries India332,470 Gujarat Gas Company277,656
The Ramco Cements331,599 BPCL242,009
HDFC Bank315,459 ICICI Bank233,906
KPR Mill291,233 Carborundum Universal226,667
IRB Infrastructure Developers286,276 NIIT Technologies197,859
Punjab National Bank285,251 Bank Of Baroda195,820
Escorts277,586 Castrol India178,587
Ahmednagar Forgings272,116 Simplex Infrastructures170,644
Aban Offshore221,878 Mindtree165,917
Mangalam Cement209,849 Bank Of India154,398
Kajaria Ceramics208,133 Indian Oil Corporation152,071
Indraprastha Gas188,001 Tata Motors144,015
Credit Analysis and Research186,679 Gujarat Pipavav Port134,401
Atul161,839 ING Vysya Bank120,184
Power Grid Corporation151,078 ALSTOM India119,988
Bharti Airtel147,518 Balrampur Chini Mills108,343
KNR Constructions145,012 Kaveri Seed Company99,264
HCL Technologies144,011 Va Tech Wabag84,525
Jain Irrigation Systems118,911 Grasim Industries73,438
Sun Pharmaceutical Industries116,242 Sun TV Network72,981
State Bank of India111,220 Tata Consultancy Services71,245
Finolex Cables110,423 Rallis India65,548
MphasiS110,420 Alembic Pharmaceuticals63,729
KPIT Technologies107,837 Lupin62,191
Oriental Bank of Commerce105,744 Cadila Healthcare45,433
Sesa Sterlite104,144 Thermax42,789
Finolex Industries98,842 eClerx Services39,650
Shoppers Stop96,550 Welspun India35,468
CESC96,090 Torrent Pharmaceuticals31,985
Federal Bank92,062 VST Industries31,840
V-Mart Retail90,670 SKF India24,377
Cera Sanitaryware78,753 Indoco Remedies22,618
Coromandel International78,546 Bajaj Finance22,070
VST Tillers Tractors67,102 Maharashtra Seamless21,311
Balkrishna Industries66,618 Pfizer18,866
Berger Paints India65,199 Petronet LNG17,202
Container Corporation of India64,675 Ipca Laboratories11,036
Divis Laboratories63,220 Sanofi India10,281
Infosys52,919 M & M Financial Services9,004
Jubilant Foodworks52,787 CMC8,463
Navin Fluorine International51,558 Thomas Cook (India)8,444
HDFC47,540 Kirloskar Brothers7,785
Shakti Pumps (India)46,189 Shree Cements6,604
UltraTech Cement42,750 BEML4,696
Siemens41,976 Pidilite Industries4,455
Persistent Systems38,712 Elecon Engineering Company4,058
Ador Welding37,969 Bajaj Auto2,403
Cummins India35,369 FAG Bearings India2,347
Wipro31,340 Power Finance Corporation1,799
Bharat Electronics30,368 United Spirits1,247
Motherson Sumi Systems27,247 Max India1,188
Kalpataru Power Transmission23,467 Bata India969
ABB21,110 Blue Dart Express747
AIA Engineering20,867 WABCO India202
National Aluminium Company20,314   
Tech Mahindra19,473   
Maruti Suzuki India17,651   
GlaxoSmithKline Consumer16,864   
Glenmark Pharma16,626   
Mahindra and Mahindra11,404   
Eicher Motors10,753   
Bayer CropScience10,459   
Hero Motocorp8,994   
Agro Tech Foods6,484   
Esab India5,258   
Karur Vysya Bank5,133   
Britannia Industries4,729   
Amara Raja Batteries4,675   
Dabur India4,105   
Alstom T&D India3,426   
IndusInd Bank3,370   
Union Bank of India3,237   
Nestle India3,234   
KSB Pumps2,297   
Colgate Palmolive (India)2,193   
Mahindra Holidays and Resorts1,895   
Gillette India1,838   
Zee Entertainment Enterprises1,229   
GAIL India948   
Page Industries416   
Procter and Gamble Hygiene207   
Kotak Mahindra Bank130   

Posted by Haresh Gala

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