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'Parmar, Mittal continue to outperform'

Source : BUSINESS_STANDARD
Last Updated: Thu, Apr 12, 2012 20:11 hrs
BSE Sensex rises in choppy trade

Fund managers remained immune to the fall in markets during the last five trading days. Three of the four fund managers of Smart Portfolios Season 4 were active between April 4 and 12.

For the week, Rikesh Parikh's net worth stands at Rs 1023,000, up 2.34 per cent; Ashish Mittal's net worth is at Rs 1040,000, up 4.03 per cent; Alex Mathews' net worth is at Rs 1030,000, up 3.02 per cent; and Ajay Parmar's net worth totals Rs 1,057,000, up 5.73 per cent.

RIKESH PARIKH
VP (equity strategies), Motilal Oswal Securities


Parikh carried out the least number of transactions. He bought JP Associates, Power Finance Corporation and HDFC, while exited Cairn India with a 2.6 per cent gain. His top holdings include Tata Consultancy Services, HDFC, Hindalco Industries, State Bank of India and Maruti Suzuki.

RIKESH PARIKH
Top Holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
TCS 1,208.97 1,131.65 0.56
HDFC 693.94 679.40 0.41
Hindalco 130.09 128.00 0.38
SBI 2,111.07 2,227.55 0.33
Maruti Suzuki 1,274.78 1,312.40 0.33
Total investments

4.47
Cash

5.76
Net worth

10.23

ASHISH MITTAL
Fund Manager (PMS), Centrum Wealth

Mittal was inactive during the week. His top holdings include Balmer Lawrie & Company, KA5V1BK2, ITC, Tide Water Oil Co (I) and Bharat Electronics.

ASHISH MITTAL
Top Holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Balmer Lawrie & Company 618.48 552.15 0.72
Karur Vysya Bank 372.59 386.80 0.66
ITC 199.36 234.75 0.64
Tide Water Oil Co(I) 6751.40 7893.80 0.63
BHEL 1582.70 1485.25 0.59
Total investments

9.59
Cash

0.81
Net worth

10.40

ALEX MATHEWS
Head (technical and derivatives research), Geojit BNP Paribas Financial Services

Mathews was very active, and executed as many as 17 trades. He booked losses in most of his exits, notable ones being Gujarat Gas Company, Aban Offshore and Suzlon Energy, where he lost eight to 15 per cent. Meanwhile, his prominent investments are Hindustan Unilever, Bata India, Gujarat Gas Company and Thomas Cook (India). His top holdings include Aptech, ITC, Gravita India, Hindustan Unilever and IVRCL.

ALEX MATHEWS
Top Holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Aptech 90.23 79.65 0.87
ITC 226.02 234.75 0.58
Gravita India 691.31 684.15 0.48
HUL 410.47 421.20 0.42
IVRCL 60.65 73.90 0.37
Total investments

7.48
Cash

2.82
Net worth

10.30

AJAY PARMAR
Co-head (investment banking), Emkay Global

Parmar was fairly active, with 10-odd trades. He didn't take any fresh position. However, he booked sharp losses in Suzlon Energy and Lovable Lingerie, losing over 16 per cent each. Tree House Education & Accessories, Coromandel International, Jain Irrigation Systems and Sintex Industries were the other scrips which fell out of favour. Meanwhile, Bajaj Auto was the only scrip in which he booked a profit of 7.5 per cent. His top picks include IVRCL, Nestle India, KSK Energy Ventures, State Bank of India and Indiabulls Financial Services.

AJAY PARMAR
Top Holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
IVRCL 61.10 73.90 0.74
Nestle India 4715.31 4921.15 0.49
KSK Energy Ventures 59.45 59.00 0.47
SBI 2134.07 2227.55 0.44
Indiabulls Financial Services 219.50 213.55 0.43
Total investments

6.30
Cash

4.27
Net worth

10.57

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