| Riding on the rally |
| Rex Cano / Mumbai November 16, 2009, 0:26 IST |
With markets moving up on the disinvestment buzz, Smart Portfolios too registered steady gains last week. It was after a while that all fund managers participated in the markets. While Phani Sekhar and Praveen Panjwani were seen re-building their portfolios, Amar Ambani and Ajay Parmar continued with their churning process.
In the week under review, fund managers executed a total of 30 trades, of which 22 were on the buy side. At the net level, these four fund managers cumulatively acquired shares worth Rs 2.95 lakh. Praveen Panjwani was the most aggressive buyer, with all buy trades totaling Rs 2.58 lakh.
Ajay Parmar and Amar Ambani continue to remain a step ahead of the Smart Portfolios benchmark for the second week in a row. While an investment of Rs 10 lakh in the benchmark S&P CNX 500 index is today valued at Rs 10.72, a net return of 7.18 per cent, Parmar and Ambani saw their portfolio value appreciate by 7.87 per cent and 7.38 per cent, respectively.
POCKETING GAINS
Ajay Parmar
Head Research Institutional Equities, Emkay
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Ajay Parmar executed seven trades last week, four of which were on the sell side. He exited from IVRCL Infrastructures for an average gain of 3.24 per cent. Parmar also booked partial profits on his investment in Coromandel Fertilisers and Shree Cements, 10.51 per cent and 2.46 per cent, respectively. Meanwhile, he has added IVR Prime to his portfolio.
Overall, he was a net seller of stocks worth Rs 10,546. Parmar now holds 20 stocks in his portfolio, of which 13 are trading above his cost price. Phoenix Mills, Sesa Goa and Torrent Pharma with gains in excess of 20 per cent each are the top performing counters. On the other hand, TV18, Anant Raj Industries and Hinduja Ventures with losses in the range of 13-22 per cent are the laggards. His net worth is now at Rs 10.79 lakh, and he holds cash of Rs 24,000.
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Torrent Pharm | 10.87 | 321.15 | 391.00 | 1.17 |
| IVR Prime | 8.34 | 148.60 | 150.00 | 0.90 |
| Bhushan Steel | 6.02 | 1195.30 | 1297.80 | 0.65 |
| Orbit Corp | 5.62 | 243.05 | 288.90 | 0.61 |
| Sesa Goa | 5.44 | 286.31 | 345.45 | 0.59 |
| Total investments | 97.78 | - | - | 10.55 |
| Cash | 2.22 | - | - | 0.24 |
| Net worth | - | - | - | 10.79 |
| Returns (%) | 7.87 | - | - | - |
BOOKING PROFITS
Amar Ambani,
Vice President (Research), India Infoline
Amar Ambani executed six trades last week, three each on the buy and sell side. He exited from MRF, Sesa Goa and RNRL for gains of 30.20 per cent, 23.78 per cent and 19.26 per cent, respectively. His fresh investments are M&M Financial, Shrenuj & Co and IFCI. His weekly sales outpaced his buys by Rs 33,463.
Ambani now has 16 stocks in his portfolio, of which 10 are trading above his purchase price. Dhampur Sugar, IDBI Bank and OnMobile Global with gains of 13-25 per cent are his top picks. Indiabulls Securities and PVP Ventures are down 33.80 per cent and 28.70 per cent, respectively. Ambani's portfolio value is now worth Rs 10.74 lakh, and his cash levels are up marginally at Rs 2.91 lakh compared to Rs 10.74 lakh last week.
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| 3i Infotech | 7.81 | 91.80 | 83.90 | 0.84 |
| Dhampur Sugar | 5.80 | 110.50 | 138.50 | 0.62 |
| Guj Petronet | 5.31 | 81.25 | 91.95 | 0.57 |
| Shrenuj & Co | 5.13 | 33.50 | 36.75 | 0.55 |
| M&M Finan Ser | 5.05 | 265.75 | 271.00 | 0.54 |
| Total investments | 72.86 | - | - | 7.82 |
| Cash | 27.14 | - | - | 2.91 |
| Net worth | - | - | - | 10.74 |
| Returns (%) | 7.38 | - | - | - |
COST AVERAGING
Phani Sekhar
Fund Manager - PMS, Angel Broking
After remaining on the sidelines for a few weeks, Phani Sekhar was a net buyer of stocks worth Rs 80,970 in the week under review. He executed seven trades, six on the buy side. His only fresh investment is in 3i Infotech, while on the other hand he has exited from Crompton Greaves for a net gain of 24.66 per cent.
At the same time, he has averaged his holdings in Reliance Infrastructure, Bharati Shipyard, ICICI Bank, Federal Bank and Bharti Airtel. Sekhar's net worth now stands appreciated at Rs 10.17 lakh, and he holds Rs 1.06 lakh in cash.
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| eClerx | 10.88 | 344.25 | 395.00 | 1.11 |
| Rel Infra | 10.22 | 1183.00 | 1154.00 | 1.04 |
| Federal Bank | 9.84 | 244.54 | 232.55 | 1.00 |
| Reliance | 9.80 | 2093.85 | 2119.30 | 1.00 |
| Axis Bank | 9.80 | 901.30 | 996.00 | 1.00 |
| Total investments | 89.59 | - | - | 9.11 |
| Cash | 10.41 | - | - | 1.06 |
| Net worth | - | - | - | 10.17 |
| Returns (%) | 1.65 | - |