The markets had a volatile week as investors fretted about the world’s economic prospects after the International Monetary Fund downgraded global growth estimates for 2012 and 2013.
Closer home, Infosys started the second quarter results season on a weak note, after the software major lowered dollar revenue expectations for the year. Four of the six fund managers remained active between October 8 and 12.
A K PRABHAKAR
Sr VP (Equity Research),Anand Rathi Financial Services
Prabhakar bought Cummins India, his only transaction through the week. he said the markets are entering a corrective phase ahead of the results season and if a close below 5,600 is seen, then there could be very swift correction. There would be better entry points and good stocks can be bought, based on results and guidance, he added. His top holdings include Tata Coffee, Sun Pharmaceutical Industries, Emami, Coromandel International and Pfizer. The net worth is Rs 10.56 lakh, up 5.6 per cent.
| A K PRABHAKAR Sr VP (Equity Research),Anand Rathi Financial Services | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Sun Pharmaceuticals Industries | 684.01 | 713.25 | 0.50 |
| Emami | 505.02 | 509.35 | 0.92 |
| Coromandel International | 285.01 | 290.00 | 0.87 |
| Pfizer | 1288.71 | 1196.85 | 0.72 |
| Tata Coffee | 988.97 | 1013.80 | 0.51 |
| Total investments | 4.01 | ||
| Cash | 6.55 | ||
| Net worth | 10.56 | ||
SHARDUL KULKARNI
Head, Technical Research,Angel Broking
Kulkarni was the most active, as he picked Godrej Properties, Bank of India, Punjab National Bank, Infosys and Zee Entertainment Enterprises to be included in his kitty. Meanwhile, he cleared off Tata Motors, Rolta India and Prestige Estates Projects, with nearly 10 per cent gain.. He believes it would be crucial for the Nifty to cross 5,730 in the first half of next week. Failure to do so would increase the chances of a continuation of the current corrective move. He expects oil and gas and banking to lead the rally.
With this, his top five holdings are Godrej Industries, Shree Renuka Sugars, Bank of India, Punjab National Bank and Balrampur Chini Mills. The net worth is Rs 11.44 lakh, up 14.4 per cent.
| SHARDUL KULKARNI Head, Technical Research,Angel Broking | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Godrej Industries | 259.55 | 280.85 | 1.05 |
| Balrampur Chini Mills | 65.71 | 70.10 | 1.05 |
| CEAT | 114.69 | 117.70 | 1.02 |
| Bank of India | 294.53 | 301.95 | 1.02 |
| Punjab National Bank | 803.45 | 820.30 | 1.02 |
| Total investments | 11.00 | ||
| Cash | 0.44 | ||
| Net worth | 11.44 | ||
NAVEEN FERNANDES
Fund Manager, Centrum Wealth
Fernandes was inactive during the period under review. He says the markets are likely to remain positive in the near term, aided by the positives of government action, foreign institutional investor inflows and overall attractive valuations of the Indian market. Also, the second quarter results should be slightly positive. He maintains that large information technology companies would underperform.
As of now, BASF India, ITC, Karur Vysya Bank, Nesco and Bharat Electronics are his top five holdings. The net worth is Rs 10.72 lakh, up 7.2 per cent.
| NAVEEN FERNANDES Fund Manager, Centrum Wealth | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Karur Vysya Bank | 394.99 | 429.95 | 1.08 |
| ITC | 266.98 | 283.50 | 1.07 |
| BASF India | 633.63 | 657.55 | 1.03 |
| NESCO | 686.71 | 684.45 | 1.00 |
| Bharat Electronics | 1240.84 | 1243.85 | 0.99 |
| Total investments | 10.72 | ||
| Cash | 0.00 | ||
| Net worth | 10.72 | ||
KISHOR OSTWAL
CMD, CNI Research
Ostwal added two new scrips to his portfolio, namely Karnataka Bank and Bharat Heavy Electricals. There were no sell calls. He is positive on the markets, as he expects a rate cut soon which will drive the market higher but with volatility. Speaking on Infosys’ results, he sees the guidance (expectation) to be a cause of worry but, overall, he believes the tech sector will not be outperforming.
Currently, Tata Steel, BF Utilities, Clariant Chemicals, Century Textiles & Industries and Bharat Heavy Electricals are his top picks. Ostwal’s net worth is Rs 10.55 lakh, up 5.5 per cent.
| KISHOR OSTWAL CMD, CNI Research | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Tata Steel | 400.50 | 420.95 | 1.05 |
| BF Utilities | 400.30 | 403.90 | 0.81 |
| Century Textiles & Industries | 368.22 | 390.90 | 0.78 |
| Clariant Chemicals (India) | 629.02 | 649.95 | 0.65 |
| Bombay Burmah Trading Corp | 536.34 | 245.40 | 0.61 |
| Total investments | 5.07 | ||
| Cash | 5.48 | ||
| Net worth | 10.55 | ||
SACHIN SHAH
Fund Manager,Emkay Investment Managers
Shah, too, remained inactive during the week. His top holdings include IDFC, Exide Industries, Cipla, Hathway Cable & Datacom and Divis Laboratories. The net worth is Rs 10.56 lakh, up 5.6 per cent.
| SACHIN SHAH Fund Manager,Emkay Investment Managers | |||
| Top holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| IDFC | 135.14 | 151.05 | 76.00 |
| Exide Industries | 134.68 | 150.15 | 0.68 |
| Hathway Cable & Datacom | 220.87 | 222.60 | 0.67 |
| Divis Laboratories | 1048.72 | 1142.10 | 0.57 |
| Cipla | 360.23 | 364.10 | 0.55 |
| Total investments | 8.40 | ||
| Cash | 2.16 | ||
| Net worth | 10.56 | ||
TAHER BADSHAH
Sr VP and co-head equities,Motilal Oswal AMC - PMS
Tata Steel and Wockhardt were the two new picks for the week. On the other hand, profits were booked in Hindustan Zinc and IRB Infrastructure Developers. The markets are likely to head further upwards on improving industrial data and incremental reforms, says Badshah. On the Infosys results, he notes that the management undertone appears a trifle more confident as compared to the past two to three quarters.
His top five holdings are Crompton Greaves,Tata Steel, OnMobile Global, Multi Commodity Exchange of India and HDFC. The net worth is Rs 10.91 lakh, up 9.1 per cent.
| TAHER BADSHAH Sr VP and co-head equities,Motilal Oswal AMC - PMS | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Crompton Greaves | 120.96 | 138.10 | 0.86 |
| Tata Steel | 408.65 | 420.95 | 0.84 |
| OnMobile Global | 39.39 | 44.40 | 0.78 |
| Multi Commodity Exchange of India | 1290.71 | 1402.90 | 0.77 |
| Housing Development Finance Corp | 740.41 | 740.25 | 0.74 |
| Total investments | 10.83 | ||
| Cash | 0.08 | ||
| Net worth | 10.91 | ||
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