Value buying in mid-cap and small-cap shares in an otherwise range-bound market was the hallmark of the period under review. Meanwhile, there was some good news on the macro front. In June, factories stepped up production and hired workers at the fastest rate in two years and the services sector expanded for the eighth straight month, although at a slower rate.
All four fund managers of Smart Portfolios Season 4 remained active between June 28 and July 5.
RIKESH PARIKH
VP (equity strategies), Motilal Oswal Securities
Parikh carried over a dozen transactions during the period under review. He bought Cairn India,State Bank of India, Lupin, Deepak Fertilizers & Petrochemicals, ITC, Hindalco Industries, Eicher Motors, Oberoi Realty and Jaiprakash Associates. However, JSW Energy, Petronet LNG, Bajaj Auto and Hindalco Industries were squared off.
He believes the broader markets’ rally will continue, as valuations are attractive. Also, a range-bound market creates trading opportunity in different sectors, so getting into defensives is not wise. His current top holdings include HCL Technologies, ICICI Bank, Hindalco Industries, Lupin and Oberoi Realty.
| RIKESH PARIKH | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Lupin | 538.82 | 540.40 | 0.67 |
| HCL Technologies | 495.96 | 492.45 | 0.62 |
| ICICI Bank | 853.73 | 920.85 | 0.55 |
| Hindalco Industries | 123.81 | 125.45 | 0.50 |
| Oberoi Realty | 244.11 | 243.80 | 0.49 |
| Total investments | 6.64 | ||
| Cash | 3.67 | ||
| Net worth | 10.31 | ||
His net worth is Rs 10.31 lakh, up 3.2 per cent.
ASHISH MITTAL
Fund Manager (PMS), Centrum Wealth
Mittal carried out three transactions during the week. Wyeth and Cairn India figured on the buy side, while ITC was on the sell side. He says the broader markets will continue to outperform if rainfall improves. Also, positive triggers like implementation of foreign direct investment in multi-brand retail and the passage of pending economic bills during the monsoon session of Parliament hold the key to further upside. He is looking to gradually increase his high beta exposure, based on the monsoon’s progress.
His current top holdings include Balmer Lawrie & Company, Tide Water Oil, Bombay Burmah Trading Corporation, Karur Vysya Bank and Unichem Laboratories.
| ASHISH MITTAL | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Balmer Lawrie & Company | 618.48 | 598.90 | 0.78 |
| Tide Water Oil Co (I) | 6988.28 | 7645.95 | 0.76 |
| Bombay Burmah Trading Corp | 490.42 | 591.45 | 0.74 |
| Karur Vysya Bank | 372.59 | 430.15 | 0.73 |
| Unichem Laboratories | 144.82 | 132.70 | 0.73 |
| Total investments | 9.28 | ||
| Cash | 1.31 | ||
| Net worth | 10.59 | ||
Mittal’s net worth stands at Rs 10.59 lakh, up six per cent.
ALEX MATHEWS
Head (technical and derivatives research), Geojit BNP Paribas Financial Services
Mathews added six scrips to his portfolio during the period under review. He bought Britannia Industries, Bajaj Holdings & Investment, Mcleod Russel India, Development Credit Bank, Mindtree and CRISIL.
He believes the ongoing rally might continue for some more time, on expectations of sustained FII fund inflow, a strong rupee and expectations of the Prime Minister speeding reforms. Also, a probable rate cut from the European Central Bank and policy measures to tackle unemployment by the US government might boost equity markets.
High betas are the most favourable, as valuations are attractive and many of the high beta stocks have already breached their key resistance levels. His current top holdings include Tata Coffee, CRISIL, Mcleod Russel, Development Credit Bank and Britannia Industries.
| ALEX MATHEWS | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Tata Coffee | 954.03 | 969.55 | 0.97 |
| CRISIL | 1071.07 | 1061.20 | 0.96 |
| Mcleod Russel India | 300.70 | 313.05 | 0.93 |
| Development Credit Bank | 44.96 | 45.80 | 0.92 |
| Britannia Industries | 540.80 | 534.80 | 0.80 |
| Total investments | 9.71 | ||
| Cash | 0.17 | ||
| Net worth | 9.88 | ||
Mathews’ net worth totals Rs 9.88 lakh, down 1.2 per cent.
AJAY PARMAR
Co-head (investment banking), Emkay Global
Parmar carried out 19 transactions during the week. He bought several names across the broader markets. Some of these were Sintex Industries, Zee Learn, Bata India, Titan Industries, Century Textiles & Industries, Bombay Dyeing & Manufacturing Company, Axis Bank, GMR Infrastructure, Arshiya International, Mindtree, Divis Laboratories, GMR Infrastructure, Indiabulls Power and Adani Enterprises Ltd. The only sell call was on Strides Arcolab.
He sees that the market recovery is unsustainable, as it is based on temporary solutions to the euro issue. Meanwhile, recovery in the Indian currency will give a small window of opportunity to traders for short-term long positions. Adding to these fundamentals might improve over the next three to six months, so one can look towards reducing their defensive stances in the coming days.
His current top holdings include State Bank of India, Adani Enterprises, Havells India, GMR Infrastructure and Essar Oil.
| AJAY PARMAR | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| State Bank of India | 2,167.28 | 2,233.45 | 0.89 |
| Adani Enterprises | 239.45 | 238.90 | 0.60 |
| Havells India |
590.05 | 578.05 | 0.58 |
| GMR Infrastructure | 25.66 | 26.85 | 0.54 |
| Essar Oil | 53.18 | 58.50 | 0.44 |
| Total investments | 9.76 | ||
| Cash | 0.16 | ||
| Net worth | 9.92 | ||
Parmar’s net worth is valued at Rs 9.92 lakh, down 0.8 per cent.
For Smart Portfolios, visit www.smartinvestor.in/sp
