| Marginal decline in networth |
| Rex Cano / Mumbai October 26, 2009, 0:49 IST |
The pre-Diwali rally fizzled out last week as markets players opted to book gains. However, in Smart Portfolios only Amar Ambani got into profit-taking mode. Ajay Parmar was the only other active fund manager with one trade on each side (buy & sell). On the other hand, Amar Ambani executed 12 trades, out of which 10 were on the sell side. He was a net seller of stocks worth Rs 3.65 lakh. Phani Sekhar and Praveen Panjwani continued to remain on the sidelines.
Praveen Panjwani’s investment outperformed the benchmark on a weekly basis with just 0.29 per cent drop in portfolio value as against a 1.93 per cent decline in the benchmark’s net worth.
An investment of Rs 10 lakh at the start of Smart Portfolios on September 1, 2009, today is valued at Rs 10.69 lakh, up 6.89 per cent. Ajay Parmar and Amar Ambani have outperformed the benchmark till date with gains of 7.13 per cent and 6.91 per cent, respectively. Phani Sekhar and Praveen Panjwani’s net worth have appreciated by 3.38 per cent and 4.56 per cent, respectively.
FULLY INVESTED
Ajay Parmar
Head Research Institutional Equities, Emkay
Ajay Parmar continues to remain fully invested in the market. His net worth stands at Rs 10.71 lakh, with a cash of just Rs 783. In the two trades he executed last week, he has invested in Anant Raj Industries and sold shares of TV18 which he had acquired ahead of the rights issue. He however continues to hold TV18 shares bought via rights issue. Parmar has 19 stocks in his portfolio, Orbit Corporation with a gain of 34.27 per cent is the top performer followed by Torrent Pharma and Sabero. On the other hand, TV18, Hinduja Ventures and Anant Raj Industries are the major under-performers in his portfolio.
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Torrent Pharm | 10.73 | 269 | 328.35 | 1.15 |
| Bhushan Steel | 9.37 | 1185.87 | 1338.10 | 1.00 |
| Orbit Corp | 6.08 | 194.05 | 260.55 | 0.65 |
| Sterlite Tech | 5.87 | 275.35 | 314.45 | 0.63 |
| Sabero | 5.58 | 42.85 | 49.85 | 0.60 |
| Total investments | 99.93 | - | - | 10.71 |
| Cash | 0.07 | - | - | 0.01 |
| Net worth | - | - | - | 10.71 |
| Returns (%) | 7.13 | - | - | - |
PROFIT-BOOKING MODE
Amar Ambani
Vice President (Research), India Infoline
Amar Ambani was in profit-booking mode, and was a net seller of stocks worth Rs 3.65 lakh. Out of the 10 trades he executed on the sell side, he made significant gains of 46.52 per cent on his investment in Indian Overseas Bank. Hanung Toys and Oracle Financial were the other major beneficiaries for him. He also booked marginal losses in partial stake sale in Aban Offshore and Reliance Capital. Meanwhile, he has bought shares of Anant Raj Industries and PVP Ventures. Ambani’s total investments now stand at Rs 7.30 lakh, with cash balance of Rs 3.39 lakh. He holds 15 stocks in his portfolio of which MRF up 25.69 per cent is the best performer followed by Lanco Infrastructure and Consolidated Construction. On the other hand, Suzlon, Dish TV and Punk Lloyd are the laggards.
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Suzlon Energy | 7.72 | 93.68 | 84.25 | 0.83 |
| MRF | 6.03 | 4659.70 | 5856.75 | 0.64 |
| Lanco Infra | 5.03 | 437.25 | 512.50 | 0.54 |
| IB Securities | 4.83 | 57.10 | 53.20 | 0.52 |
| Ceat | 4.75 | 168.60 | 169.30 | 0.51 |
| Total investments | 68.29 | - | - | 7.30 |
| Cash | 31.71 | - | - | 3.39 |
| Net worth | - | - | - | 10.69 |
| Returns (%) | 6.91 | - | - | - |
CONCENTRATED KITTY
Phani Sekhar
Fund Manager – PMS, Angel Broking
Phani Sekhar did not trade for the second week in a row. His total investments are valued at Rs 8.47 lakh, and he holds cash of Rs 1.87 lakh. He holds 11 stocks in his portfolio with 59.76 per cent of his total invested funds parked in the top five holdings. Crompton Greaves with a gain of 12.47 per cent is his best pick so far followed by eClerx and HDFC Bank. Bharati Shipyard, Bharti Airtel and Reliance are the three scrips pulling down his net worth.
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Eclerx | 10.43 | 344.25 | 385.00 | 1.08 |
| Federal Bank | 10.09 | 245.60 | 260.75 | 1.04 |
| Axis Bank | 9.62 | 901.30 | 994.05 | 0.99 |
| Reliance Infra | 9.53 | 1194.80 | 1231.10 | 0.98 |
| Reliance | 9.31 | 2093.8 |
