Fund managers in action as markets ride high

Last Updated: Sat, Dec 08, 2012 18:58 hrs

pThe last two weeks From November 23 to December 7 were eventful for Indian equity markets The benchmark indices posted their biggest weekly gain in six months on the back of reforms optimism sparked by the United Progressive Alliance government&rsquos winning the vote on foreign direct investment FDI in multi-brand retail in both houses of ParliamentppThe last fortnight also brought the news that FII foreign institutional investors inflows crossed the 20-billion mark for the January-November period On the global front too there were positives cues from both the US and Asian markets as US President Barack Obama hinted at a fiscal cliff deal &ldquoin about a week&rdquo if Republicans agreed to hiking taxes on the wealthiest AmericansppDuring the fortnight all six fund managers were activeppstrongA K PRABHAKARstrongbr Sr VP Equity Research Anand Rathi Financial ServicesppPrabhakar carried out several transactions during the period under review He bought Reliance Capital Bayer CropScience Procter and Gamble Hygiene and Health Care Shoppers Stop West Coast Paper Mills Karur Vysya Bank and Bajaj Corp while he exited from Cummins India Thermax HSIL Bharat Forge GIC Housing Finance ING Vysya Bank and BASF IndiappPrabhakar believes the overall market sentiment will remain positive as the government won the retail FDI vote which further creates expectations on other pending bills He reiterates that stock-specific action is the way forward Reasoning his buy on West Coast Paper Mills he says there is potential in the stock if the deal between the world&rsquos largest paper company International Paper and SK Bangur group goes through which is very much at a premiumppHis current top holdings include Bajaj Corp Karur Vysya Bank Procter and Gamble Hygiene and Health Care Reliance Capital and EID Parry India Prabhakar&rsquos net worth is at Rs 1122 lakh up 1221 per centppstrongSHARDUL KULKARNIstrongbr Head Technical Research Angel BrokingppKulkarni made a few transactions during the week He exited Hindalco Industries Lovable Lingerie and Speciality Restaurants and bought Shree Renuka Sugars His top holdings as of now include Jindal Steel and Power Reliance Industries Reliance Infrastructure CEAT and Shree Renuka SugarsppKulkarni&rsquos net worth is at Rs 1138 lakh up 1381 per centppstrongNAVEEN FERNANDESstrongbr Fund Manager Centrum WealthppFernandes adjusted his potfolio during the period under review as he exited from Tide Water Oil Co and Bharat Electronics Meanwhile he bought Jammu and Kashmir Bank and MRFppHe expects equity market to see a happy 2012 ending with possible gains of close to 30 per cent He adds the final trigger for the market turnaround will be when domestic institutional investors DIIs will turn buyers as it would be difficult for them to remain net sellers when the macro picture turns positive Foreseeing the good times he picked two &lsquovalue-based&rsquo names like Jammu and Kashmir Bank and MRFppHis current top holdings include Karur Vysya Bank MRF ITC Nesco and Reliance CapitalppFernandes&rsquos net worth is at Rs 1141 lakh up 1413 per centppstrongKISHOR OSTWALstrongbr CMD CNI ResearchppOstwal had a single transaction where he added DLF to his portfolio in the corresponding periodppOstwal opines that till December 18 the momentum will be high even though sporadic profit booking can be seen So he would wait till then before making any new movesppAlso the year-end bonus considerations and NAV net asset value will continue to drive the market He hopes Nifty will test 6200 if the index does not break 5820 Commenting on his inactive status for several weeks he pointed that it&rsquos difficult to find good value bets and also that his picks are still trailing the expected valuationsppHis current top holdings include Tata Steel Karnataka Bank Century Textiles and Industries BF Utilities and SiemensppOstwal&rsquos net worth is at Rs 1080 lakh up 8 per centppstrongSACHIN SHAHstrongbr Fund Manager Emkay Investment ManagersppShah was the most active during the weeks under consideration He churned his portfolio by taking positions in Ajanta Pharma LIC Housing Finance Cipla ICICI Bank NIIT Technologies and Zee Entertainment Enterprises Meanwhile he booked profits in Exide Industries ITC ICICI Bank IDFC LIC Housing Finance PTC India Nesco Zee Entertainment Karur Vysya Bank ING Vysya Bank Hathway Cable and Datacom Reliance Industries and ICICI BankppHis current top holdings include Cipla IDFC Biocon Divis Laboratories and PTC IndiappShah&rsquos net worth is at Rs 1143 lakh up 1428 per centppstrongTAHER BADSHAHstrongbr Sr VP and co-head equities Motilal Oswal AMC - PMSppBadshah carried out a couple of transactions on the buy and sell side He exited Tata Motors and United Spirits while he bought Bajaj Auto and Strides Arcolab Badshah believes markets will remain firm though there maybe sideways movement for a whileppAccording to him stock-specific action is set to continue He added Bajaj Auto to his portfolio as he expects the motorcycle industry volumes to pick up after the recent inventory correctionppHis top holdings include Maruti Suzuki India United Spirits Unitech HDFC and MCXppBadshah&rsquos net worth is at Rs 1221 lakh up 2202 per centhr pp alignrightemFor Smart Portfoliosem visit a hrefhttpwwwsmartinvestorinspwwwsmartinvestorinspa  p

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