ICICI Prudential Mutual Fund slashed its exposure to FMCG, engineering, manufacturing, cement, chemical, technology and utilities. However, it augmented its exposure to banking, metal, oil & gas, pharma, auto, telecom and media. A study of equity portfolios of ICICI Prudential mutual fund for March shows that in FMCG pack, it sold over 27.86 lakh shares of Triveni Engineering and over 61.65 lakh shares of ITC. Godrej Consumer was also in sell list, while it exited Nestle India and Agro Dutch. It bought over 11.92 lakh shares of HLL
In engineering space, Thermax, Siemens and Kalpataru Power Transmission were top sells while Gujarat Apollo and Action Construction were top buys. It exited from Indo Tech Transformers, Sunil Hitech, Bharat Bijlee and Atlas Copco. In manufacturing sector, Amtek Auto and TNPL were in sell list while Bharat Forge and Bharat Electronics were bought. It exited Vardhman Textiles but entered Vardhman Holdings and Page Industries. Cement and construction stock India Cements, Gujarat Ambuja Cements, and Ansal Properties were top sells whereas Nagarjuna Construction and Jaiprakash Associates were top buys. It exited Akruti Nirman and Gayatri Projects.
In chemical, it sold over 8 lakh shares of IPCL. Gujarat State Fertilizers Company and Gwalior Chemical were top bought stocks. In the technology pack, Satyam, Tata Consultancy Services and HCL Infosystems were top sells while Hexaware Technologies, Gometric Software were top bought stocks. It also sold over 41.70 lakh shares of utility stock NTPC but bought over 10.58 lakh shares of Tata Power. ICICI Prudential MF increased its exposure to banking, metal, oil & gas, pharma, auto, telecom and media. In banking sector, Federal Bank, ICICI Bank and SBI were in the buy list while Bank of India was sold. It made fresh entry in Union Bank of India, IDFC, IDBI and Bank of Baroda. It exited Canara Bank, and Indian Overseas Bank.
In metals, it bought over 73 lakh shares of SAIL and nearly 17 lakh shares of Tata Steel. Hindalco was also in buy list whereas Nalco and Kamdhenu Ispat were in sell list. It introduced Sterlite Industries.
Cairn India, Reliance Industries were top bought stocks while HPCL, ONGC were top sold stocks in oil & gas sector. In pharma, Dr Reddy Labs, Ranbaxy Labs were top buys while Cipla and Ahlcon Parenteral were in top sell list.
In auto pack, it bought over 12.13 lakh shares of Tata Motors. Maruti Udyog was also in buy list. Baja Auto and Munjal Auto were in top sell list.
In media, Zee Entertainment, HT Media were in buy list whereas Jagran Prakashan was top sold stock. It made fresh entry into Zee News.
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