Key benchmark indices had a turbulent week, amid weak global cues, political uncertainty in Greece and rupee falling to an all-time low, causing the market to touch a low of 16,008 in intra-day trade.
Any gains witnessed through the week was stock specific mainly on the back of better-than-expected results of Sensex companies like State Bank of India and Larsen & Toubro.
Three out of four fund managers of Smart Portfolios Season 4 remained active between May 14-May 18(both day inclusive).
RIKESH PARIKH
VP (equity strategies),Motilal Oswal Securities
Parikh carried out three transactions during the period under review. He bought State Bank of India, Power Finance Corporation and Jaiprakash Associates. His current top holdings include Power Finance Corporation, ICICI Bank, Allahabad Bank, State Bank of India and Jaiprakash Associates.
He feels currently markets to a large extent are guided by currency movement and European economic crisis. Given that markets are below historical averages one can start investing for long term, he added.
Parikhs’s net worth is at Rs 9.62 lakh, down 3.71 per cent.
| RIKESH PARIKH | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Power Finance Corporation | 166.04 | 145.65 | 0.58 |
| ICICI Bank | 857.68 | 805.20 | 0.56 |
| State bank of India | 1995.10 | 1940.55 | 0.49 |
| Allahabad Bank | 183.41 | 144.40 | 0.47 |
| Jaiprakash Associates | 75.64 | 62.05 | 0.42 |
| Total investments | 4.74 | ||
| Cash | 4.88 | ||
| Net worth | 9.62 | ||
ASHISH MITTAL
Fund Manager (PMS), Centrum Wealth
Mittal carried remained inactive during the week. Commenting on the markets, Mittal said the he is optimistic on domestic equity markets as India’s demand story is not destroyed. Also, the 22 per cent depreciation in rupee over one year along is quite attractive for long term foreign investors.
His top holdings, as of now include Balmer Lawrie & Company, Tide Water Oil Co (I), Unichem Laboratories, Karur Vysya Bank and Bombay Burmah Trading Corporation. He is currently focussing on quality mid-cap names.
Mittal’s net worth stands at Rs 9.77 lakh, down 2.27 per cent.
| ASHISH MITTAL | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Balmer Lawrie & Company | 618.48 | 536.60 | 0.70 |
| Tide Water Oil Co(I) | 6988.28 | 6801.30 | 0.68 |
| Unichem Laboratories Ltd | 146.42 | 132.55 | 0.66 |
| Bombay Burmah Trading Corp | 490.42 | 514.90 | 0.64 |
| Karur Vysya Bank | 372.59 | 378.50 | 0.64 |
| Total investments | 7.92 | ||
| Cash | 1.85 | ||
| Net worth | 9.77 | ||
ALEX MATHEWS
Head (technical and derivatives research),Geojit BNP Paribas Financial Services
Mathews carried out a total of 11 transactions during the period under review. He exited from Financial Technologies (India), Parsvnath Developers and IVRCL Assets & Holdings. Meanwhile, he bought Unichem Laboratories, Raymond, Tata Consultancy Services, ICICI Bank, Axis Bank, TTK Prestige, BF Utilities, Axis Bank. His current top holdings include Aptech, MMTC, MRF, Maruti Suzuki India and Titan Industries.
Mathews’ net worth totals Rs 9.42 lakh, down 5.75 per cent.
| ALEX MATHEWS | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| MMTC Ltd | 773.43 | 742.10 | 0.37 |
| MRF Ltd | 11318.02 | 10360.05 | 0.31 |
| Titan Industries Ltd | 247.02 | 229.00 | 0.30 |
| Hercules Hoists Ltd | 235.89 | 222.25 | 0.22 |
| Aptech | 90.23 | 75.40 | 0.22 |
| Total investments | 3.54 | ||
| Cash | 5.88 | ||
| Net worth | 9.42 | ||
AJAY PARMAR
Co-head (investment banking), Emkay Global
Parmar carried out 20 transactions during the week all on the Sell side. Except Nestle India, ICICI Bank, State Bank of India, Lovable Lingerie and Central Bank of India he sold his entire holdings raising the his cash position significantly. He opines that market is in an oversold zone and looking at the rupee-dollar movement, its difficult to predict if we have touched the bottom. However, he would start put money in trenches starting 20 per cent immediately.
Parmar’s net worth is valued at Rs 9.38 lakh, down 6.18per cent.
| AJAY PARMAR | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Nestle India | 4,715.31 | 4,699.80 | 0.47 |
| ICICI Bank | 894.03 | 805.20 | 0.40 |
| State Bank of India | 2,134.07 | 1,940.55 | 0.39 |
| Lovable Lingerie | 382.75 | 310.70 | 0.31 |
| Central Bank of India | 105.51 | 74.85 | 0.04 |
| Total investments | 1.61 | ||
| Cash | 7.77 | ||
| Net worth | 9.38 | ||
