Markets had a muted week (December 10- December 14) on the back of mixed macro data in the form of disappointing export figures and easing inflation for November and a 16-month high IIP data for October. Even though the inflation eased to 7.24 per cent market experts believe that the central bank is unlikely to cut interest rates on December 18 monetary policy and will wait for more evidence that inflation is on an easing trend before lowering lending rates by early next year.
Four of the six fund managers were active for the week.
A K PRABHAKAR
Sr VP (Equity Research), Anand Rathi Financial Services
Prabhakar included pharma names like Dr Reddy’s Laboratories and Sun Pharmaceuticals Industries through the week along with Allahabad Bank. Meanwhile, he booked profits in Cummins India, Coromandel International and West Coast Paper Mills.
He retains his cautious stand as he considers that if Nifty slips below 5,800 we may see some correction till 5,600. Otherwise markets are expected to remain sideways. He warns that January could be a corrective month. Commenting on his most expensive buy of the week- Dr Reddy’s, he defends that positive growth in US markets and new product launches will be the triggers for the company going forward.
| A K PRABHAKAR | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Bajaj Corp | 202.45 | 213.30 | 1.06 |
| P & G Hygiene and Health Care | 2575.42 | 2560.70 | 1.02 |
| Reliance Capital | 450.07 | 465.50 | 1.02 |
| Karur Vysya Bank | 482.20 | 503.55 | 1.01 |
| Dr Reddys Laboratories | 1903.90 | 1830.05 | 1.00 |
| Total investments | 9.08 | ||
| Cash | 1.97 | ||
| Net worth | 11.05 | ||
His current top holdings include Bajaj Corp, Karur Vysya Bank Procter & Gamble Hygiene and Health Care, Reliance Capital and Dr Reddy’s Laboratories. Prabhakar's net worth is at Rs 11.05 lakh, up 10.53 per cent.
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SHARDUL KULKARNI
Head, Technical Research, Angel Broking
Shardul tweaked his portfolio with some buys in names like UCO Bank, Bank of Baroda, Escorts and Tech Mahindra. On the other hand, Infosys and Reliance Infrastructure were sold during the week. His top holdings include Jindal Steel & Power, Reliance Industries, Apollo Tyres, CEAT and Escorts. Kulkarni's net worth is Rs 11.34 lakh, up 13.38 per cent.
| SHARDUL KULKARNI | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Jindal Steel & Power | 408.31 | 431.20 | 1.25 |
| Reliance Industries | 845.62 | 839.25 | 1.13 |
| CEAT | 108.27 | 104.70 | 1.04 |
| Apollo Tyres | 87.12 | 86.85 | 0.99 |
| Escorts Ltd | 67.67 | 65.80 | 0.96 |
| Total investments | 10.12 | ||
| Cash | 1.22 | ||
| Net worth | 11.34 | ||
NAVEEN FERNANDES
Fund Manager, Centrum Wealth
Naveen was inactive for the week. His current top holdings include Karur Vysya Bank, MRF, ITC, NESCO Ltd and Reliance Capital. Fernandes remains positive on markets. He reckons that improved corporate earnings in Oct-Dec quarter along with other triggers like a rate cut in January, inflation moderating in Jan-Mar, government continuing with further reforms and initiatives to improve investments and quantitative easing in the developed economies will keep equities buoyant. Fernandes' net worth is at Rs 11.39 lakh, up 13.90 per cent.
| NAVEEN FERNANDES | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Karur Vysya Bank | 394.99 | 503.55 | 1.27 |
| MRF | 10603.13 | 12142.35 | 1.21 |
| ITC | 266.98 | 295.95 | 1.12 |
| Reliance Capital | 412.68 | 465.50 | 1.10 |
| NESCO | 686.71 | 757.80 | 1.09 |
| Total investments | 10.36 | ||
| Cash | 1.03 | ||
| Net worth | 11.39 | ||
KISHOR OSTWAL
CMD, CNI Research
Kishor too was inactive. His current top holdings include Tata Steel, Karnataka Bank, Century Textiles & Industries, BF Utilities and Siemens.
Ostwal is very optimistic as he foresees Nifty to be will be around 6,300 by February 2013, as reforms and resolution of fiscal deficit will do the trick to hold FII inflows. Rate cut could add gloss but the markets will hold even without one, he adds. Ostwal's net worth is at Rs 10.60 lakh, up 6.01 per cent.
| KISHOR OSTWAL | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Tata Steel | 400.50 | 397.00 | 0.99 |
| Century Textiles & Industries | 368.22 | 418.80 | 0.84 |
| Karnataka Bank | 118.50 | 163.00 | 0.81 |
| BF Utilities | 400.30 | 349.10 | 0.70 |
| Siemens | 691.67 | 680.65 | 0.68 |
| Total investments | 6.36 | ||
| Cash | 4.24 | ||
| Net worth | 10.60 | ||
SACHIN SHAH
Fund Manager, Emkay Investment Managers
Shah added NESCO, Cipla, Whirlpool of India and PTC India during the week while he cleared off NIIT Technologies.
Shah expects the markets to remain range-bound with a possibility of some correction, but overall undertone of the market is expected to remain buoyant. He reiterates that individual stock-picks are the way to go for good returns.
Explaining some of his buys he says, NESCO is a commercial lease-rental Mumbai real estate play which is expected to do well as it is executing an IT park at its 65-acre campus in Goregaon, Mumbai. Harping on India’s consumerism theme he added Whirlpool while keeping an eye on the volume pick up and good margins in the new Toll business, he added PTC.
| SACHIN SHAH | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Cipla | 377.57 | 403.00 | 1.00 |
| PTC India | 65.83 | 72.90 | 0.73 |
| Biocon | 288.10 | 285.30 | 0.71 |
| IDFC | 135.14 | 174.20 | 0.61 |
| Divis Laboratories | 1048.72 | 1130.45 | 0.57 |
| Total investments | 8.76 | ||
| Cash | 2.31 | ||
| Net worth | 11.07 | ||
His current top holdings include Cipla, IDFC, Biocon, Divis Laboratories and PTC India. Shah's net worth is at Rs 11.07 lakh, up 11.68 per cent.
TAHER BADSHAH
Sr VP and co-head equities, Motilal Oswal AMC - PMS
Badshah continues to balance his portfolio by booking profits in Unitech, HDFC, Tata Motors, HDFC Bank, Kotak Mahindra Bank and Anant Raj Industries. At the same time he added ICICI Bank and accumulated Oracle Financial Services Software as he believes Oracle would have a better earnings and growth outlook over the medium term v/s other frontline IT cos.
Strong balance sheet, cash and expectations of delisting is expected to provide valuation support.
On the market front, he says that markets are likely to trade firm on continuing reform measures, benign oil and commodity prices, gradually softening domestic inflation and valuation support on likely earnings upgrades for the corporate sector in FY14.
| TAHER BADSHAH | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Maruti Suzuki India | 1332.81 | 1477.25 | 1.10 |
| United Spirits | 1186.35 | 1929.55 | 0.77 |
| Multi Commodity Exchange of India | 1290.71 | 1509.00 | 0.75 |
| Wockhardt | 1351.67 | 1574.20 | 0.70 |
| State Bank of India | 2005.45 | 2320.25 | 0.69 |
| Total investments | 11.63 | ||
| Cash | 0.39 | ||
| Net worth | 12.02 | ||
Badshah's net worth is at Rs 12.02 lakh, up 20.23 per cent.
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