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Fund managers focus on rate-cut, IIP numbers

Source : BUSINESS_STANDARD
Last Updated: Thu, Apr 19, 2012 19:50 hrs
BSE Sensex closes up 472 points

Markets remained volatile for the period under review (April 11 to 18) on account of a sharp 50-basis-point repo cut by the Reserve Bank of India after three years and lower-than-expected Index of Industrial Production (IIP) figures. Also dampening investor sentiment was the disappointing fourth-quarter earnings, coupled with lower dollar revenue and earnings per share (EPS) guidance for FY13 from IT bellwether Infosys Technologies.

All the four fund managers of Smart Portfolios Season 4 remained active throughout the time under review.

Rikesh Parikh
Parikh carried out nine transactions during the period under review. He bought Power Finance Corporation, Ipca Laboratories, Jaiprakash Associates and Allahabad Bank.

Housing Development Finance Corporation, State Bank of India, Tata Motors and Reliance Industries, where he sees some significant drop in KG-D6 volumes and gross refining margins (GRMs) in its Q4 numbers, were on his exit list after making gains in the range of two to four per cent.

RIKESH PARIKH, VP (equity strategies), Motilal Oswal Securities
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Maruti Suzuki 1,274.78 1,391.25 0.35
Allahabad Bank 188.80 184.85 0.41
Hindalco Industries 130.09 128.10 0.38
Jaiprakash Associates 81.96 80.20 0.36
Ipca Laboratories 345.86 355.20 0.35
Total investments

4.19
Cash

6.08
Net worth

10.27

His current top holdings include Allahabad Bank, Hindalco Industries, Jaiprakash Associates, Ipca Laboratories and Maruti Suzuki.

Parikh's net worth is Rs 10.27 lakh, up 2.75 per cent.

Ashish Mittal
Mittal carried out 18 transactions during the week as he increased his holdings in Tide Water Oil Co (I), bought J B Chemicals & Pharmaceuticals, Bombay Burmah Trading Corporation, Engineers India, NMDC, Coal India and Hindustan Zinc. Meanwhile, he exited from Reliance Industries as he expects a Rs 20 per cent drop in net earnings for the quarter, along with United Phosphorus and Bharat Electronics incurring losses of between five and nine per cent.

His top holdings now include Tide Water Oil Co (I), J B Chemicals & Pharmaceuticals, Bombay Burmah Trading Corporation, Balmer Lawrie & Company and KA5V1BK2.

ASHISH MITTAL, Fund Manager (PMS), Centrum Wealth
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Tide Water Oil Co(I) 6,988.28 7,939.05 0.79
Bombay Burmah Trading Corp 466.42 595.00 0.59
Balmer Lawrie & Company 618.48 553.25 0.72
JB Chemicals & Pharamaceuticals 71.90 70.85 0.71
KA5V1BK2 372.59 414.85 0.70
Total investments

9.17
Cash

1.51
Net worth

10.68

Mittal's net worth stands at Rs 10.68 lakh, up 6.8 per cent.

Alex Mathews
Mathews carried out 13 transactions. He profitably exited from Gravita India, ITC and IVRCL. Meanwhile, he bought Kingfisher Airlines, Axis Bank, State Bank of India, South Indian Bank and Financial Technologies (India), ahead of the RBI policy. Commenting on the banking stocks, Mathews said the rate cut may help banks improve their asset quality and give more importance to limit NPAs and their provisioning. Also, a reduction in lending and deposit rates will help reduce interest outflow and increase loan growth.

His current top holdings include Aptech, Hindustan Unilever, Century Textiles & Industries, Tech Mahindra and Cairn India.

ALEX MATHEWS, Head (technical and derivatives research), Geojit BNP Paribas Financial Services
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Aptech 90.23 80.95 0.89
Hindustan Unilever 410.47 425.50 0.42
Century Textiles & Industries 377.79 374.40 0.37
Tech Mahindra 686.01 709.70 0.35
Cairn India 386.71 350.80 0.35
Total investments

6.84
Cash

3.53
Net worth

10.37

Mathews' net worth stands at Rs 10.37 lakh, up 3.65 per cent.

Ajay Parmar
Parmar carried out seven transactions during the week. He bought Crisil, IRB Infrastructure Developers, Axis Bank, ICICI Bank, Central Bank of India , Kingfisher Airlines and Jaiprakash Associates.

AJAY PARMAR, Co-head (investment banking), Emkay Global
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
IVRCL 61.10 63.40 0.61
KSK Energy Ventures 59.45 65.95 0.54
Nestle India 4715.31 4936.50 0.49
SBI 2134.07 2227.55 0.45
ICICI Bank 894.03 877.85 0.44
Total investments

8.95
Cash

1.58
Net worth

10.53

His current top holdings include IVRCL, KSK Energy Ventures, Nestle India, State Bank of India and ICICI Bank. Parmar's net worth is valued at Rs 10.53, up 5.3 per cent.




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