*HDFC AMC SOLD and Acquired*
Data showed the fund house offloaded some shares in
Reliance Industries (41.56 lakh shares),
Infosys (22.90 lakh shares)
L&T (19.49 lakh shares)
1.50 lakh to 16 lakh shares each in ITC, HDFC Bank and TCS after these shares rose 40-110 per cent from their March lows.
They acquired 50 lakh to 1.50 crore shares in the country’s biggest lender by asset SBI, metal and mining major Vedanta, Coal India, telecom major Bharti Airtel and utility players like PowerGrid and REC.
Its other major buys in June included NTPC, PFC, Gujarat Pipavav, Orient Cement, HPCL, ICICI Bank, SBI Cards, Bharti Infratel, Cipla, Engineers India, IndusInd Bank, among others. The fund house added 7 to 43 lakh additional shares of these companies.
Elsewhere, the fund house doubled holding in TCI Express, Manappuram Finance, Container Corporation of India, JB Chemicals and SBI Life Insurance.
Other largecaps and midcaps the fund house accumulated during the month included Mishra Dhatu Nigam (7.48 lakh shares), DLF (6.13 lakh shares) and Mahindra & Mahindra (5.63 shares), HCL Technologies (3.61 lakh shares) and Nestle (8,304 shares). Kotak Mahindra Bank, Axis Bank and Bajaj Finserv also drew interest of the AMC.
They are all big winners in the first leg of the market rally from the March lows.
On the sell side, HDFC AMC sold over 10 lakh shares each in Tejas Network, Aarti Industries, Jindal Steel & Power, Tata Motors, SpiceJet, Aurobindo Pharma, The Indian Hotels and The Federal Bank during the month.
It completely exited Adani Power, Bharat Forge, Havells India and SH Kelkar, data available with Ace Mutual Fund showed.
APL Apollo Tubes, Can Fin Homes, CDSL, Equitas Holdings, Escorts, Vodafone Idea, Wheels India and RIL’s partly paid up equity shares (Rights Issue) were among the stocks the fund house entered afresh.