The markets ended marginally higher for the week under review (October 19-25), amid a range-bound trading session led by rate-sensitive shares, on hopes of a rate cut by the central bank at its policy meet early next week. Also, the week marked the expiry of October derivative contracts.
The Street was also greeted by several better than expected second-quarter numbers from select Sensex companies. On the global front, Asian markets were trending higher, while US and European markets witnessed volatility.
Three of the six fund managers remained active between October 15 and 18.
A K PRABHAKAR
Sr VP (Equity Research),Anand Rathi Financial Services
Pfizer, Cummins India and Hathway Cable & Datacom were the buy calls he took during the week. Meanwhile, Emami and Tata Coffee were squared off for nine to 14 per cent gains. His top holdings include Cummins India, Emami, Hathway Cable & Datacom, ING Vysya Bank and Pfizer. The net worth is Rs 10.73 lakh, up 7.3 per cent.
| A K PRABHAKAR | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| ING Vysya Bank | 437.09 | 462.20 | 1.01 |
| Pfizer | 1260.27 | 1166.80 | 0.93 |
| Cummins India | 495.48 | 488.90 | 0.86 |
| Hathway Cable & Datacom | 237.64 | 237.20 | 0.65 |
| Emami | 505.02 | 576.80 | 0.46 |
| Total investments | 4.20 | ||
| Cash | 6.53 | ||
| Net worth | 10.73 | ||
SHARDUL KULKARNI
Head, Technical Research, Angel Broking
Kulkarni took fresh positions in Reliance Industries and Apollo Tyres during the week under review. With this, his top five holdings are Bank of India, Punjab National Bank, Reliance Industries, Lovable Lingerie and Apollo Tyres. The net worth is Rs 11.32 lakh, up 13.3 per cent.
| SHARDUL KULKARNI | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Reliance Industries | 845.62 | 810.40 | 1.09 |
| Bank of India | 294.53 | 297.45 | 1.00 |
| Punjab National Bank | 803.45 | 803.85 | 1.00 |
| Lovable Lingerie | 377.64 | 375.80 | 0.99 |
| Apollo Tyres | 87.12 | 85.95 | 0.98 |
| Total investments | 9.84 | ||
| Cash | 1.48 | ||
| Net worth | 11.32 | ||
NAVEEN FERNANDES
Fund Manager, Centrum Wealth
He was inactive during the period under review. He says in the short term, the triggers for the market will be in the form of corporate earnings and monetary easing – either a 25 bps cut in the repo rate or a 50 bps cut in banks’ Cash Reserve Ratio.
As of now, BASF India, ITC, Karur Vysya Bank, NESCO and Bharat Electronics are his top five holdings. The net worth is Rs 10.81 lakh, up 8.2 per cent.
| NAVEEN FERNANDES | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Karur Vysya Bank | 394.99 | 446.40 | 1.12 |
| ITC | 266.98 | 292.05 | 1.10 |
| BASF India | 633.63 | 664.70 | 1.04 |
| NESCO | 686.71 | 688.85 | 1.03 |
| Bharat Electronics | 1240.84 | 1293.75 | 1.00 |
| Total investments | 10.80 | ||
| Cash | 0.01 | ||
| Net worth | 10.81 | ||
KISHOR OSTWAL
CMD, CNI Research
Ostwal remined inactive for the week. He says the quarterly earnings results declared so far have beat analysts’ estimates, suggesting the market has consolidated and there is not much downside. Deciding the course of the markets in the near term will be the Reserve Bank action on October 30, where a rate cut is anticipated.
Currently, Tata Steel, BF Utilities, Karnataka Bank, Century Textiles & Industries and Siemens are his top picks. The net worth is Rs 10.54 lakh, up 5.4 per cent.
| KISHOR OSTWAL | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Tata Steel | 400.50 | 398.80 | 0.99 |
| Century Textiles & Industries | 368.22 | 394.25 | 0.79 |
| BF Utilities | 400.30 | 386.75 | 0.77 |
| Siemens | 691.67 | 691.10 | 0.69 |
| Karnataka Bank | 118.50 | 135.10 | 0.68 |
| Total investments | 5.75 | ||
| Cash | 4.79 | ||
| Net worth | 10.54 | ||
SACHIN SHAH
Fund Manager, Emkay Investment Managers
Shah added Whirlpool of India to his portfolio. His top holdings include IDFC, Exide Industries, Reliance Industries, Hathway Cable & Datacom and Divis Laboratories. The net worth is Rs 10.6 lakh, up six per cent.
| SACHIN SHAH | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| IDFC | 135.14 | 157.40 | 0.79 |
| Hathway Cable & Datacom | 220.87 | 237.20 | 0.71 |
| Exide Industries | 134.68 | 140.00 | 0.63 |
| Reliance Industries | 821.97 | 810.40 | 0.61 |
| Divis Laboratories | 1048.72 | 1150.95 | 0.57 |
| Total investments | 9.53 | ||
| Cash | 1.07 | ||
| Net worth | 10.60 | ||
TAHER BADSHAH
Sr VP and co-head equities, Motilal Oswal AMC - PMS
Badshah had no transaction during the period under review. RBI action and global developments are the two major factors to watch in the current range-bound market, he says. The top five holdings are Divis Laboratories, Wockhardt, OnMobile Global, Multi Commodity Exchange of India and HDFC.
| TAHER BADSHAH | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Divi’s Laboratories | 1,156.77 | 1,150.95 | 0.86 |
| Multi Commodity Exchange of India | 1,290.71 | 1,396.10 | 0.77 |
| Housing Development Finance Corp | 740.41 | 765.75 | 0.77 |
| OnMobile Global | 39.39 | 43.30 | 0.76 |
| Wockhardt | 1,351.67 | 1,508.15 | 0.68 |
| Total investments | 9.81 | ||
| Cash | 0.97 | ||
| Net worth | 10.78 | ||
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