'Quarter numbers broadly in line with expectations'

The market remained range-bound for the period under review (July 13-19), while stock-specific action in relation to quarterly earnings stayed in the limelight. In the international market, the mood was upbeat after US bellwethers posted strong corporate profits, allaying fears of a slowdown.

Three of the four fund managers of Smart Portfolios Season 4 remained active. All felt the quarterly numbers declared thus far were broadly in line with expectations, except for those of Infosys.

RIKESH PARIKH
VP (equity strategies), Motilal Oswal Securities
Parikh added scrips like NIIT Technologies, Eicher Motors, Engineers India, Infosys, JSW Energy, Dr Reddy’s Laboratories, Tata Motors and Ambuja Cements to his portfolio. On the other hand, he booked 10-15 per cent profits in Petronet LNG, Lupin and Mcleod Russel India.

His current top holdings include HCL Technologies, Engineers India, Oberoi Realty, ICICI Bank and ITC. His net worth is Rs 10.32 lakh, up 3.2 per cent.
 

RIKESH PARIKH
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Engineers India	240.44	231.35	0.81
HCL Technologies	495.96	479.50	0.60
Oberoi Realty	243.13	237.65	0.59
ICICI Bank	853.73	950.85	0.57
ITC	248.97	254.10	0.51
Total investments	-	-	7.26
Cash	-	-	3.06
Net worth	-	-	10.32

ASHISH MITTAL
Fund Manager (PMS), Centrum Wealth
Mittal had a single transaction on the buy and sell side. He bought Axis Bank and sold off HDFC Bank. Mittal opines that Axis Bank is attractive in valuation terms, as it is trading at close to 1.4 times the price to book value ratio estimated for 2013-14.

Also, Axis Bank continues to grow faster (30 per cent yoy growth in lending in the first quarter), so he expects the bank to maintain its growth momentum.

His top holdings include Balmer Lawrie & Company, Karur Vysya Bank, Tide Water Oil Co (I), Unichem Laboratories and Cairn India. Mittal’s net worth is Rs 10.49 lakh, up 4.9 per cent.
 

ASHISH MITTAL
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Balmer Lawrie & Company	618.48	588.05	0.76
Tide Water Oil Co (I)	6,988.28	7,491.10	0.75
Unichem Laboratories	144.82	134.75	0.74
Karur Vysya Bank	372.59	425.65	0.72
Cairn India	325.21	324.05	0.62
Total investments	-	-	8.90
Cash	-	-	1.59
Net worth	-	-	10.49

ALEX MATHEWS
Head (technical and derivatives research), Geojit BNP Paribas Financial Services
Mathews bought Timken while he cleared off Development Credit Bank and Manappuram Finance. Timken was added as it had a very bullish chart.

According to Mathews, if the scrip breaks the 238 level, then it could easily move above 265-272 within a very short time.

His top holdings include Timken India, CRISIL, Tata Coffee,Britannia Industries and Bajaj Holdings & Investment. Mathews’ net worth is Rs 9.59 lakh, down 4.1 per cent.
 

ALEX MATHEWS
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Timken India	234.28	222.75	0.91
CRISIL	1071.07	995.25	0.90
Britannia Industries	540.80	499.90	0.75
Tata Coffee	954.03	956.45	0.72
Bajaj Holdings & Investment	807.21	766.85	0.57
Total investments	-	-	5.47
Cash	-	-	4.12
Net worth	-	-	9.59

AJAY PARMAR
Co-head (investment banking), Emkay Global
Parmar remained inactive for the week. His top holdings include State Bank of India, Havells India, Adani Enterprises, GMR Infrastructure and Hero MotoCorp. The net worth is Rs 9.54 lakh, down 4.6 per cent.
 

AJAY PARMAR
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
State Bank of India	2,167.28	2,158.10	0.86
Havells India	590.05	599.80	0.60
GMR Infrastructure	25.66	24.95	0.50
Adani Enterprises	239.45	195.85	0.49
Hero MotoCorp	1,957.88	2,088.70	0.42
Total investments	-	-	9.38
Cash	-	-	0.16
Net worth	-	-	9.54

For Smart Portfolios, visit www.smartinvestor.in/sp