Mixed show by fund managers

Only two fund managers - Amar Ambani and Ajay Parmar - were active last week. Both of them sold stocks at the net level. At the net level, while Ambani sold stocks worth Rs 22,537, Parmar sold stocks worth Rs 4.33 lakh. Phani Sekhar and Praveen Panjwani remained on the sidelines during the week. Compared to the benchmark, these managers had a mixed outing.

Ajay Parmar and Amar Ambani outperformed the benchmark in terms of return with marginal losses of 0.26 per cent and 0.35 per cent, respectively. Phani Sekhar's weekly loss was almost as same as the benchmark at 2.03 per cent, while Panjwani’s weekly loss was slightly on the higher side at 2.82 per cent.

BOOKING PROFITS
Ajay Parmar
Head, Research (Institutional Equities) Emkay

Ajay Parmar booked profits during the week. His gross sales for the week amounted to Rs 7.09 lakh as against stock purchases worth Rs 2.76 lakh. Parmar booked handsome gains of over 30 per cent on his investment in HEG. Ador Welding (gain of 15.6 per cent), Ashapura Minechem and IVR Prime were some of the other significant profitable trades.

On the other hand, he booked some losses on his investments in Orbit Corporation and Sintex. He now has 13 stocks in the portfolio, of which seven are trading above their cost price. Parmar's net worth is now valued at Rs 11.42 lakh, up 14.19 per cent. The cash levels in his portfolio have increased sharply to Rs 4.35 lakh, thanks to the profit booking during last week.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
Sterlite Tech	7.27	307.11	319.20	0.83
Torrent Pharma	6.89	396.75	393.45	0.79
Rain Commodities	6.88	200.99	224.50	0.79
Aurionpro Solutions	6.86	266.21	270.05	0.78
Bhushan Steel	5.85	1361.00	1337.10	0.67
Total investments	61.93	-	-	7.07
Cash	38.07	-	-	4.35
Net worth	-	-	-	11.42
Returns (%)	14.19		-	-

24-STOCK PORTFOLIO
Praveen Panjwani
Assistant Vice President, Edelweiss

Praveen Panjwani did not execute any trades last week. He has 24 stocks in his portfolio, of which 13 are above the cost price. VIP Industries has surged over 39 per cent from his acquisition price and is the top performer in his portfolio. CMC, Gujarat Petronet and Pidilite are the other top performers.

On the other hand, Godrej Industries down 10.73 per cent is the major drag, followed by KNR Construction and Allahabad Bank. Panjwani’s net worth has dipped marginally below the initial corpus level and stood at Rs 9.94 lakh. He holds Rs 4,434 as cash in hand
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
CMC	11.82	1070.28	1310.90	1.18
Guj Petronet	11.44	81.75	95.15	1.14
McNally Bharat	7.86	193.00	202.30	0.78
KEC Internl	5.52	530.25	579.95	0.55
VIP Inds	5.14	109.85	153.15	0.51
Total investments	99.56	-	-	9.94
Cash	0.44	-	-	0.04
Net worth	-	-	-	9.98
Returns (%)	-0.15	-	-	-

STILL STEADY
Phani Sekhar
Fund Manager – PMS, Angel Broking

Phani Sekhar continued with his steady approach. He has 13 stocks in his portfolio, of which eClerx is the major gainer, up 16.67 per cent followed by Esab India and HDFC Bank. Reliance Infrastructure (down 13 per cent) followed by Bharti Airtel and ICICI Bank are the major losers in his portfolio.

Sekhar’s net worth is now up 1.59 per cent at Rs 10.16 lakh. However, it may be noted that he had joined Smart Portfolios on September 18, 2009. So, when compared to this, his returns are marginally lesser compared to the benchmark's net return of 3.23 per cent during this period.
 

Top Holdings	% of assets	Cost  Price (Rs)	Current Price (Rs)	Value (Rs lakh)
eClerx	11.07	344.25	401.65	1.12
Federal Bank	10.13	244.54	239.35	1.03
Reliance	9.32	1046.93	1007.65	0.95