| Fund managers resort to profit booking |
| Prafull Shirsat / Mumbai November 12, 2010, 0:51 IST |
Post-Diwali, the markets exhibited volatile movements and ended on a weak note as compared to the previous week. The benchmark S&P CNX 500 index net worth declined more than 1 per cent to Rs 11.28 lakh from Rs 11.40 lakh.
Among the fund managers, Siddarth Bhamre and Shishir Bajpai were in the sell mode, while Vinay Khattar was a marginal net buyer. Cumulatively, the fund managers were net sellers of stocks worth Rs 1.98 lakh in the week under review. Ajay Parmar preferred to stay away from the markets last week.
AJAY PARMAR
Head-research institutional equities, Emkay
Ajay Parmar remained on the sidelines last week. His net worth rose from Rs 11.25 lakh to Rs 11.59 lakh. Of the top-5 stocks in his portfolio, Unichem Laboratories, Chambal Fertilisers and India Glycols were up in the range of 24-37 per cent. The other two stocks — Natco Pharma and eClerx Services — were up 14-15 per cent. On a week-on-week basis, his portfolio saw a gain of 3 per cent.
| Ajay Parmar, Head Research Institutional Equities, Emkay | |||
| Top Holdings | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Unichem Labs | 185.98 | 255.35 | 1.28 |
| Natco Pharma | 291.03 | 332.60 | 0.91 |
| Chambal Ferts | 75.38 | 98.25 | 0.79 |
| eClerx Services | 546.00 | 630.30 | 0.63 |
| India Glycols | 161.70 | 200.65 | 0.60 |
| Total investments | 11.46 | ||
| Cash | 0.13 | ||
| Net worth | 11.59 | ||
SHISHIR BAJPAI
Senior vice-president, IIFL Private Wealth
Shishir Bajpai was the most active fund manager last week, with 19 trades. However, most of these (10) were on the buy side. While he bought shares worth Rs 9.26 lakh, he sold stocks worth Rs 9.63 lakh. In the 9 sell orders he executed, he booked profits in seven and losses in the remaining.
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He booked smart gains in picks such as Jai Balaji Industries and IFCI in the range of 12-27 per cent. Bajpai’s prominent fresh buys include Coal India, Selan Explorations, Mercator Lines and Power Grid Corporation of India.
| Shishir Bajpai, Senior Vice President, IIFL Private Wealth | |||
| Top Holdings | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Reliance Ind | 1113.25 | 1079.90 | 1.30 |
| Microsec Fin | 89.97 | 85.35 | 1.28 |
| Tata Motors | 1227.80 | 1275.95 | 1.28 |
| JSW Energy | 125.00 | 121.20 | 1.21 |
| Selan Explorations | 401.05 | 399.95 | 1.20 |
| Total investments | 13.88 | ||
| Cash | 0.57 | ||
| Net worth | 14.45 | ||
His net worth is up 44.52 per cent at Rs 14.45 lakh.
SIDDARTH BHAMRE
Head-equity derivatives, Angel Broking
Siddarth Bhamre executed 13 trades, four of which were on the sell side. He was the biggest seller among the fund managers, with net sales of Rs 1.62 lakh. He booked gains in the range of 5-9 per cent on his investments in Indiabulls Securities, Praj Industries, Financial Technologies, Balrampur Chini Mills and Exide Industries. CESC, Great Offshore and Mcleod Russel India are the top gainers in his portfolio.
On the other hand, Hindustan Construction Company and MphasiS are the prominent laggards. His net worth is up 8.89 per cent at Rs 10.89 lakh.
| Siddarth Bhamre, Head - Equity Derivatives, Angel Broking | |||
| Top Holdings | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| CESC | 372.75 | 389.05 | 0.78 |
| Great Offshore | 379.20 | 388.95 | 0.78 |
| HCC | 64.45 | 64.15 | 0.64 |
| Mcleod Russel | 232.60 | 237.85 | 0.59 |
| MphasiS | 645.30 | 581.50 | 0.58 |
| Total investments | 8.76 | ||
| Cash | 2.13 | ||
| Net worth | 10.89 | ||
VINAY KHATTAR
Head-research of WAIS, Edelweiss
Vinay Khattar executed 15 trades, nine of which were on the sell side. In the six out of the nine sell trades, he incurred large gains.
Delta Corp fetched him 143 per cent returns while gains in IFCI and Polyplex Corporation were in the range of 6-13 per cent. On the other hand, he incurred a loss of 11 per cent in stocks such as Donear Industries and Apar Industries. Meanwhile, he has added 3i Infotech, Jayaswal Neco Industries, TVS Motor Company and Sintex Industries to his portfolio.
He is fully invested and his net worth stands at Rs 10.95 lakh, up 9.54 per cent.
| Vinay Khattar, Head – Research of WAIS, Edelweiss | |||
| Top Holdings | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Subex | 75.90 | 89.90 | 1.19 |
| India Glycols | |||