| Healthy gains for Smart Portfolios |
| Rex Cano / Mumbai December 7, 2009, 0:30 IST |
The markets rose steadily for the better part of the week on news of robust GDP numbers and allaying of fears on the Dubai repayment crisis. The S&P CNX 500 index rose over 4 per cent to 4,239, thereby taking the benchmark’s portfolio value higher to Rs 11.04 lakh as against Rs 10.60 lakh in the preceding week.
In the week under review, fund managers barring Phani Sekhar were active. Ajay Parmar and Praveen Panjwani went on a buying rampage, acquiring stocks worth Rs 4.45 lakh and Rs 3.08 lakh, respectively. Amar Ambani, however, was seen booking profits and ended the week with net sales of stocks worth Rs 1.33 lakh. Interestingly, Praveen Panjwani, Phani Sekhar and Ajay Parmar are now fully invested in the markets while Amar Ambani’s cash levels have shot up to 43 per cent.
BACK IN BUY MODE
Praveen Panjwani
Assistant Vice President, Edelweiss
After changing track last week, Praveen Panjwani was once again seen in the buy mode. His total purchases amounted to Rs 3.98 lakh as against his sales of Rs 90,200. He booked gains in the range of 3-4 per cent on his investment in Yes Bank and Crompton Greaves. His fresh investments include Allahabad Bank, Bharat Forge, IRB Infrastructure, Sesa Goa, Tata Motors and Tata Steel. Panjwani’s net worth moved up by 3.7 per cent to Rs 10.27 lakh from Rs 9.90 lakh before. Currently, his net worth is up 2.7 per cent from the base level of Rs 10 lakh, and he holds Rs 4,434 in cash.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Guj Petronet | 11.72 | 81.75 | 100.30 | 1.20 |
| CMC | 11.70 | 1070.28 | 1334.60 | 1.20 |
| McNally Bharat | 8.06 | 193.00 | 213.35 | 0.83 |
| KEC International | 5.36 | 530.25 | 579.40 | 0.55 |
| VIP Inds | 4.78 | 109.85 | 146.45 | 0.49 |
| Total investments | 99.57 | - | - | 10.22 |
| Cash | 0.43 | - | - | 0.04 |
| Net worth | - | - | - | 10.27 |
| Returns (%) | 2.69 | - | - | - |
AGGRESSIVE BUYER
Ajay Parmar
Head, Research (Institutional Equities) Emkay
Ajay Parmar bought shares aggressively, with gross purchases totaling Rs 5.09 lakh as against his total sales of just Rs 64,800. He has bought shares of HPCL, Tata Elxsi, Torrent Pharma, Sintex and HEG to name a few. He also booked some losses on his investments in Phoenix Mills, Ador Welding and eClerx. Parmar now has 16 stocks in his portfolio, of which 10 stocks are trading above his cost price. Last week, his net worth appreciated by 5 per cent, following which his net returns have soared to 14.5 per cent at Rs 11.45 lakh. He now holds cash of only Rs 2,554.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Panacea Biotech | 9.75 | 174.95 | 194.15 | 1.12 |
| IVR Prime | 9.69 | 157.69 | 184.90 | 1.11 |
| Torrent Pharm | 9.35 | 393.49 | 428.05 | 1.07 |
| Orbit Corp | 9.01 | 305.61 | 294.65 | 1.03 |
| Sabero Organics | 8.43 | 59.42 | 64.35 | 0.97 |
| Total investments | 99.74 | - | - | 11.42 |
| Cash | 0.26 | - | - | 0.03 |
| Net worth | - | - | - | 11.45 |
| Returns (%) | 14.49 | - | - | - |
ON THE SIDELINES
Phani Sekhar
Fund Manager – PMS, Angel Broking
Having been fully invested in the markets in the preceding week, Phani Sekhar preferred to stay on the sidelines last week. His cash levels stand Rs 1,890, while his net worth is up 3.7 per cent at Rs 10.37 lakh. His weekly gains stood at 4.6 per cent. Sekhar has 13 stocks in his portfolio, of which just three are trading below his cost price. eClerx, HDFC Bank and Axis Bank with gains in the 13-18 per cent range are the top performers. On the other hand, Bharti Airtel and Reliance Infrastructure down over 9 per cent are the major laggards in his portfolio.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| eClerx | 10.58 | 344.25 | 392.00 | 1.10 |
| Federal Bank | 10.08 | 244.54 | 243.15 | 1.05 |
| Axis Bank | 9.90 | 901.30 | 1027.05 | 1.03 |
| Reliance Industries | 9.86 | 1046.93 | 1088.40 |
