Smart Portfolios ends 2009 on a high

The holiday shortened week saw low trading activity, both in real and our own virtual stock markets. Only two out of the four fund managers were active. Ajay Parmar and Amar Ambani did some more churning with their portfolios, while Praveen Panjwani and Phani Sekhar preferred to remain on the sidelines.

ON THE 20 PER CENT MARK
Ajay Parmar
Head, Research (Institutional Equities) Emkay

Ajay Parmar’s net returns have now soared over 20 per cent so far. Last week, he bought shares worth Rs 1.93 lakh and sold equity worth Rs 1.91 lakh. Parmar booked partial gains on his investment in Sterlite Technologies and exited from Torrent Pharma with net gains. He booked a loss of 7 per cent on his investment in Fresenius Kabi. His fresh purchases are HOEC, Balaji Tele, Godawari Power and Panacea Biotech. He holds 21 stocks in his portfolio, HEG has the highest weightage and Sintex the lowest. Sterlite Tech is the current top gainer and Deccan Chronicle, the laggard.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
HEG	8.05	376.21	387.70	0.97
Aurionpro Solutions	7.10	266.21	295.00	0.86
Rain Commodities	6.53	200.99	224.65	0.79
Bhushan Steel	6.03	1361.00	1453.20	0.73
Aegis Logistics	5.93	204.30	204.20	0.71
Total investments	99.67	-	-	12.00
Cash	0.33	-	-	0.04
Net worth	-	-	-	12.04
Returns (%)	20.46	-	-	-

GOOD FORM CONTINUES
Amar Ambani,
Vice President (Research), India Infoline

Amar Ambani continues to carry his good form from the previous season. His net returns are almost 19 per cent. His gross purchases for the week amounted to Rs 2.98 lakh as against gross sales of Rs 3.02 lakh. Ambani's fresh purchases are National Aluminium, Reliance Industrial Infra, NRB Bearings, Apollo Hospital, MPS and Binani Cements. His investment in Greaves Cotton, Hinduja Ventures and Nava Bharat Ventures yielded him net returns in the 3-5 per cent each. However, he booked 11 per cent loss on his trade in Zandu Pharma. Ambani has 20 stocks in his portfolio of which Tata Sponge has the highest weightage (also the top gainer along with Jindal South) while PVP Ventures the lowest weightage and incidentally the biggest loser. His net worth now stands at Rs 11.89 lakh, and he holds cash of Rs 2.06 lakh.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
Tata Sponge	4.90	285.25	323.75	0.58
Jindal South	4.63	1615.00	1834.05	0.55
MPS	4.58	62.50	66.35	0.54
IFCI	4.58	51.60	54.40	0.54
National Aluminium	4.57	388.80	417.90	0.54
Total investments	82.67	-	-	9.83
Cash	17.33	-	-	2.06
Net worth	-	-	-	11.89
Returns (%)	18.89	-	-	-

CONCENTRATED PORTFOLIO
Phani Sekhar
Fund Manager – PMS, Angel Broking

Phani Sekhar continues with his strategy of being a steady investor. Although he joined three weeks later, net returns are up at 6.72 per cent. Sekhar has 13 stocks in his portfolio, of which eClerx has the highest weightage. In fact, the top five stocks in his portfolio account for almost 49 per cent of his net worth. MphasiS has the lowest weightage in his portfolio. Sunil Hitech is the top gainer while Federal Bank the top loser. Sekhar's portfolio is valued at Rs 10.67 lakh, which includes Rs 1,890 in cash.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
eClerx	10.89	344.25	415.00	1.16
Reliance Infra	9.67	1183.00	1146.75	1.03
Reliance	9.61	1046.93	1090.55	1.03