Markets continued to remain volatile during the week, after the Reserve Bank of India, at its mid-quarter policy review last Monday, maintained a cautious stance in view of high inflation levels. Rate-sensitive shares were the most volatile, while the weakening rupee against the US dollar weighed on the market sentiment during the latter part of the week. Cement shares also witnessed action after the Competition Commission of India fined 11 cement producers.
Three of the four fund managers of Smart Portfolios Season 4 remained active between June 15-June 22.
VP (equity strategies), Motilal Oswal Securities
Parikh carried out 21 transactions during the period. He bought Lupin, Dr Reddy’s Laboratories, HCL Technologies, Bajaj Auto, Mcleod Russel India, JSW Energy, Jindal Steel & Power, and Petronet LNG.
He exited Jaiprakash Associates, ICICI Bank, Jindal Steel & Power, Madras Cements, Coal India, Power Finance Corporation, Petronet LNG, Allahabad Bank, Infrastructure Development Finance Company, and Pantaloon Retail (India).
His current top holdings include HCL Technologies, ICICI Bank, Hindalco Industries, Mcleod Russel India and Dr Reddy’s Laboratories.
Parikhs’s net worth is at Rs 10.08 lakh, up 0.76 per cent.
Fund Manager (PMS), Centrum Wealth
“Our portfolio is now a healthy mix of growth and value stocks. We have strategically kept high exposure to low-beta, high-yield dividend stocks in order to manage the one-year-long volatility in the markets. The current market environment, in particular, offers opportunities for value buying,” said Mittal.
“We are inclined to add beta to the portfolio on an incremental basis, while still consolidating existing value investments. We expect this strategy would aid us participate in the rising but volatile markets. We continue to remain bullish on the private banking space and, in particular, we have focused on the old private sector banking space. We are also interested in the pharmaceutical sector and interest rate-sensitive sectors like automobile and capital goods. We continue to maintain a bearish stance on sectors like cement, information technology (large-cap companies), and telecom,” said Mittal.
Mittal’s net worth stands at Rs 10.22 lakh, up 2.17 per cent. (Click for tables)
Head (technical and derivatives research), Geojit BNP Paribas Financial Services
Mathews carried out two transactions during the period. He bought Raymond and Tata Coffee. His top holdings include Tata Coffee, Raymond, MMTC, MRF and Hindalco Industries.
Commenting on his stance for not participating much last week, he said he had been adopting a wait-and-watch policy, as the market was clueless. In the past two weeks, the markets remained volatile within a range. He also said technically, the market was giving a buy signal, but macro-economic data and the weakening rupee were weighing on the market sentiment.
Mathews’ net worth totals Rs 9.64 lakh, down 3.63 per cent.
Co-head (investment banking),Emkay Global
Parmar didn’t carry out a transaction during the period. His current top holdings include Tata Motors, Nestle India, State Bank of India, ICICI Bank and Essar Oil.
Parmar’s net worth is valued at Rs 9.67 lakh, down 3.34 per cent.
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