Reliance Mutual Fund has increased its exposure to auto, chemical and engineering sectors while reduced weightage to telecom, utilities and cement sectors. Escorts, Dish TV, Tube Investments were in the list of top buys whereas NTPC, Unitech and MTNL were in the list of top sells.
In the auto sector, the fund house has freshly bought 63.68 lakh and 12.25 lakh shares of Escorts and Automotive Axles, respectively. It also purchased few shares of Swaraj Mazda. However, it sold over 5 lakh shares of Tata Motors.
Buying was also seen in chemical space, wherein it bought 32.29 lakh shares of GSFC, 1.73 lakh of United Phosphorous, 0.86 lakh of Reliance Petroleum and few shares of GNFC and Hikal. It also made fresh entry into Rallis India with 4 lakh shares. On the other hand, it sold over 1 lakh shares of Nirma.
The fund house has bought big chunks of engineering stocks as in 13 lakh shares of Suzlon Energy, 4.9 lakh shares of ABB, 3.65 lakh of Crompton Greaves, 2.39 lakh of Cummins, 2.07 lakh of Kirloskar Brothers, 1.86 lakh of L&T and 1.08 lakh of BGR Energy. It also bought some shares of Thermax, BEML, Voltamp and BHEL. It freshly bought 3.5 lakh shares of AIA Engineering. However, it offloaded Alstom Projects, Punj Lloyd, Siemens and Areva T&D.
On the other hand, the weightage of telecom sector has gone down in the month of August though Reliance Mutual Fund has increased exposure to private telecom companies. It sold nearly 30 lakh shares of MTNL. However, it freshly bought 37.84 lakh shares of Astra Microwave. It added 5 lakh shares of Reliance Communication and 2.8 lakh of Bharti Airtel.
In the utilities space, the fund house offloaded 35.65 lakh shares of NTPC, 5.6 lakh of GVK and 0.92 lakh of Tata Power Company while bought 2 lakh of Reliance Infrastructure and 8 lakh of Torrent Power.
Sell off was also seen in cement and construction sector. It sold 34 lakh shares of Unitech, 4.8 lakh of India Cements and 1 lakh of UltraTech Cement. It also exited HCC and Madhucon Projects. However, the fund house has bought Jaiprakash Associates, Rain Commodities, ACC and Gammon India.
In the auto sector, the fund house has freshly bought 63.68 lakh and 12.25 lakh shares of Escorts and Automotive Axles, respectively. It also purchased few shares of Swaraj Mazda. However, it sold over 5 lakh shares of Tata Motors.
Buying was also seen in chemical space, wherein it bought 32.29 lakh shares of GSFC, 1.73 lakh of United Phosphorous, 0.86 lakh of Reliance Petroleum and few shares of GNFC and Hikal. It also made fresh entry into Rallis India with 4 lakh shares. On the other hand, it sold over 1 lakh shares of Nirma.
The fund house has bought big chunks of engineering stocks as in 13 lakh shares of Suzlon Energy, 4.9 lakh shares of ABB, 3.65 lakh of Crompton Greaves, 2.39 lakh of Cummins, 2.07 lakh of Kirloskar Brothers, 1.86 lakh of L&T and 1.08 lakh of BGR Energy. It also bought some shares of Thermax, BEML, Voltamp and BHEL. It freshly bought 3.5 lakh shares of AIA Engineering. However, it offloaded Alstom Projects, Punj Lloyd, Siemens and Areva T&D.
On the other hand, the weightage of telecom sector has gone down in the month of August though Reliance Mutual Fund has increased exposure to private telecom companies. It sold nearly 30 lakh shares of MTNL. However, it freshly bought 37.84 lakh shares of Astra Microwave. It added 5 lakh shares of Reliance Communication and 2.8 lakh of Bharti Airtel.
In the utilities space, the fund house offloaded 35.65 lakh shares of NTPC, 5.6 lakh of GVK and 0.92 lakh of Tata Power Company while bought 2 lakh of Reliance Infrastructure and 8 lakh of Torrent Power.
Sell off was also seen in cement and construction sector. It sold 34 lakh shares of Unitech, 4.8 lakh of India Cements and 1 lakh of UltraTech Cement. It also exited HCC and Madhucon Projects. However, the fund house has bought Jaiprakash Associates, Rain Commodities, ACC and Gammon India.
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