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'Watch out for rupee-dollar movement'

Source : BUSINESS_STANDARD
Last Updated: Sat, May 19, 2012 18:40 hrs
BSE Sensex closes up 472 points

Key benchmark indices had a turbulent week, amid weak global cues, political uncertainty in Greece and rupee falling to an all-time low, causing the market to touch a low of 16,008 in intra-day trade.

Any gains witnessed through the week was stock specific mainly on the back of better-than-expected results of Sensex companies like State Bank of India and Larsen & Toubro.

Three out of four fund managers of Smart Portfolios Season 4 remained active between May 14-May 18(both day inclusive).

RIKESH PARIKH
VP (equity strategies),Motilal Oswal Securities
Parikh carried out three transactions during the period under review. He bought State Bank of India, Power Finance Corporation and Jaiprakash Associates. His current top holdings include Power Finance Corporation, ICICI Bank, Allahabad Bank, State Bank of India and Jaiprakash Associates.

He feels currently markets to a large extent are guided by currency movement and European economic crisis. Given that markets are below historical averages one can start investing for long term, he added.

Parikhs's net worth is at Rs 9.62 lakh, down 3.71 per cent.

RIKESH PARIKH
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Power Finance Corporation 166.04 145.65 0.58
ICICI Bank 857.68 805.20 0.56
State bank of India 1995.10 1940.55 0.49
Allahabad Bank 183.41 144.40 0.47
Jaiprakash Associates 75.64 62.05 0.42
Total investments

4.74
Cash

4.88
Net worth

9.62

ASHISH MITTAL
Fund Manager (PMS), Centrum Wealth
Mittal carried remained inactive during the week. Commenting on the markets, Mittal said the he is optimistic on domestic equity markets as India's demand story is not destroyed. Also, the 22 per cent depreciation in rupee over one year along is quite attractive for long term foreign investors.

His top holdings, as of now include Balmer Lawrie & Company, Tide Water Oil Co (I), Unichem Laboratories, KA5V1BK2 and Bombay Burmah Trading Corporation. He is currently focussing on quality mid-cap names.

Mittal's net worth stands at Rs 9.77 lakh, down 2.27 per cent.

ASHISH MITTAL
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Balmer Lawrie & Company 618.48 536.60 0.70
Tide Water Oil Co(I) 6988.28 6801.30 0.68
Unichem Laboratories Ltd 146.42 132.55 0.66
Bombay Burmah Trading Corp 490.42 514.90 0.64
KA5V1BK2 372.59 378.50 0.64
Total investments

7.92
Cash

1.85
Net worth

9.77

ALEX MATHEWS
Head (technical and derivatives research),Geojit BNP Paribas Financial Services
Mathews carried out a total of 11 transactions during the period under review. He exited from Financial Technologies (India), Parsvnath Developers and IVRCL Assets & Holdings. Meanwhile, he bought Unichem Laboratories, Raymond, Tata Consultancy Services, ICICI Bank, Axis Bank, TTK Prestige, BF Utilities, Axis Bank. His current top holdings include Aptech, MMTC, MRF, Maruti Suzuki India and Titan Industries.

Mathews' net worth totals Rs 9.42 lakh, down 5.75 per cent.

ALEX MATHEWS
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
MMTC Ltd 773.43 742.10 0.37
MRF Ltd 11318.02 10360.05 0.31
Titan Industries Ltd 247.02 229.00 0.30
Hercules Hoists Ltd 235.89 222.25 0.22
Aptech 90.23 75.40 0.22
Total investments

3.54
Cash

5.88
Net worth

9.42

AJAY PARMAR
Co-head (investment banking), Emkay Global
Parmar carried out 20 transactions during the week all on the Sell side. Except Nestle India, ICICI Bank, State Bank of India, Lovable Lingerie and Central Bank of India he sold his entire holdings raising the his cash position significantly. He opines that market is in an oversold zone and looking at the rupee-dollar movement, its difficult to predict if we have touched the bottom. However, he would start put money in trenches starting 20 per cent immediately.

Parmar's net worth is valued at Rs 9.38 lakh, down 6.18per cent.

AJAY PARMAR
Top holdings Cost
price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Nestle India 4,715.31 4,699.80 0.47
ICICI Bank 894.03 805.20 0.40
State Bank of India 2,134.07 1,940.55 0.39
Lovable Lingerie 382.75 310.70 0.31
Central Bank of India 105.51 74.85 0.04
Total investments

1.61
Cash

7.77
Net worth

9.38


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