Muted action by fund managers

Ajay Parmar
Ajay Parmar executed just one trade last week. Parmar bought Torrent Pharma for a consideration of Rs 89,850. His net worth declined 3.8 per cent to Rs 10.02 lakh, and is now almost at a break-even point owing to heavy losses in Gitanjali Gems, Manali Petrochem and sugar stocks like Bajaj Hindusthan, Shree Renuka and Balrampur Chini. He continues to hold significant gains in select mid-cap investments - eClerx Services, Jubilant Foodworks, Greaves Cotton and Aurobindo Pharma. Parmar still holds Rs 2.84 lakh in cash.
 

AJAY PARMAR Head Research Institutional Equities, Emkay
Top Holdings	Cost  price (Rs)	Current  price (Rs)	Value (Rs lakh)
Torrent Pharma	599.00	581.90	0.87
Natco Pharma	291.03	291.30	0.80
eClerx Services	546.00	632.35	0.63
Infinite Comp	181.60	199.20	0.60
Bajaj Hind	120.60	101.70	0.51
Total investments			7.18
Cash			2.84
Net worth			10.02

Shishir Bajpai
Shishir Bajpai deployed cash aggressively with gross purchases totaling Rs 9.70 lakh. In the only sell-side transaction, he booked a gain of over 3 per cent on his investment in Coal India. His fresh buys are mostly in the Nifty 50 pack - SBI, ICICI Bank, Tata Steel, Dr.Reddy's, Sterlite Industries, Reliance Industries and Power Grid. Bajpai is almost fully invested with a cash balance of just Rs 4,600. His net worth, this week, declined marginally by 1.3 per cent to Rs 13.60 lakh, which is a significant gain of 34.3 per cent till date.
 

SHISHIR BAJPAI Senior Vice President, IIFL Private Wealth
Top Holdings	Cost  price (Rs)	Current  price (Rs)	Value (Rs lakh)
MOIL	458.17	442.15	1.33
ICICI Bank	1051.50	1026.00	1.28
Sterlite Inds	181.24	183.10	1.28
SBI	2572.00	2560.70	1.28
Tata Steel	656.40	637.55	1.28
Total investments			13.39
Cash			0.05
Net worth			13.43

Siddharth Bhamre
Siddharth Bhamre is now on the sidelines for more than a month. In his portfolio of 20 stocks, just one, 3i Infotech, is trading above his cost price. JK Tyre, Kingfisher Airlines, Century Textiles, Patel Engineering, Unitech, Hindustan Construction, IVRCL Infrastucture and Bombay Dyeing are some of the major draggers on his net worth. Last week, Bhamre's portfolio value took a cut of 6.5 per cent to Rs 9.19 lakh, which is now 8 per cent below the initial corpus of Rs 10 lakh.
 

SIDDHARTH BHAMRE Head-Equity Derivatives, Angel Broking
Top Holdings	Cost  price (Rs)	Current  price (Rs)	Value (Rs lakh)
Reliance Inds	1034.60	1015.35	0.76
Great Offshore	379.20	359.70	0.72
CESC	372.75	357.80	0.72
Aban Offshore	809.00	722.65	0.58
McLeod Russel	232.60	211.95	0.53
Total investments			9.19
Cash			0.00
Net worth			9.19

Vinay Khattar
Vinay Khattar transacted sparsely on the sell side in past week. Apart from Hexaware Technologies, he made losses on realty firms Orbit Corporation and Unitech. Khattar exited Hexaware Technologies at a profit of 5 per cent, and accumulated sale proceeds of Rs 1.07 lakh. However, his liquidation of Unitech incurred a loss of 12 per cent at Rs 91,680, whereas he had invested in this scrip for a total sum of Rs 1.04 lakh, Orbit Corporation was let-off at a loss of 10 per cent. Currently, Khattar has only two stocks in his portfolio, eClerx Services and Shree Renuka Sugars, both are currently trading below his buy price. Khattar's portfolio saw a dip of 2.3 per cent at Rs 10.40 lakh, and he is now cash rich with Rs 9.33 lakh in hand.
 

VINAY KHATTAR
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