Tuesday, March 10, 2009

Sterlite, Indian Hotels, IVRCL Infr top sells: ICICI Pru MF


ICICI Prudential Mutual Fund has decreased its holding in banking & financial services, telecommunication, engineering & capital goods, oil & gas and cement & construction. However, it has increased its exposure to information technology, pharmaceuticals and automotive sectors.
Exide Industries, Orient Paper and Industries and GAIL India were top buys while Sterlite Industries, Indian Hotels and IVRCL Infrastructure were top sells.
A study of the equity portfolios managed by the ICICI Prudential Mutual Fund as on February 28, 2009 shows that, in the banking & financial space, SBI, SREI Infra, Axis Bank and Union Bank of India topped the list of sells. However, HDFC Bank, Punjab National Bank and HDFC topped the list of buys. (View - All Bulk Deals by Mutual Funds)
In the telecom pack, Bharti Airtel, Reliance Communication were top sells while it has exited Finolex Cables. In the engineering & capital goods sector, AIA Engineering, Bharat Heavy Electricals and Texmaco topped the list of sells while Elecon Engineering, L&T and Kirloskar Brothers topped the list of buys.
In the oil & gas space, ONGC, HPCL and Reliance Industries were in the list of top sells.
In the cement & construction sector, IVRCL Infrastructure and Patel Engineering topped the list of sells while Nagarjuna Construction, Ahluwalia Contracts India, ACC and Jaiprakash Associates topped the list of buys.(Check out - Which sectors are attracting Fund Managers?)
However, the fund house has increased its exposure to information technology, pharmaceuticals and automotive segments. In the information technology sector, Infosys Technologies, Wipro and Allied Digital Services topped the list of buys while Megasoft and TCS topped the list of sells. It has exited 3i Infotech.
In the pharmaceuticals pack, it has bought Cipla, Cadila Healthcare and Ipca Laboratories while sold Sun Pharma Advanced Research Company and Dishman Pharmaceuticals & Chemicals. It has exited Piramal Life Sciences and Indoco Remedies.
In the auto space, Exide Industries, Apollo Tyres and M&M topped the list of buys.
Click her to see Table of Stocks bought/ sold by ICICI Prudential Mutual Fund

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