Mutual Funds in November uploaded stocks like Indian Hotels and stocks in Construction & Engineering space. Tilkanagar Industries - the Indian made foreign liquor maker and a strong south bound player was second in the list in terms of number of shares added, according to report released by Religare Securities.
Mining stocks were in the crosshairs of the Fund managers on the back of big bang listing of Coal India. As many as 5 AMCs added Coal India. Electric Utilities also got top billing from fund houses. Power Grid was bought by 6 AMCs.
Top 10 most bought stocks by MF in November
Ø Coal India (24 mn shares)
Ø Tilaknagar Industries (2.89 mn shares)
Ø TVS Motor Co (2.66 mn shares)
Ø Power Grid Corporation of India (2.31 mn shares)
Ø Texmaco Rail & Engineering (1.67 mn shares)
Ø Chambal Fertilisers & Chemicals (1.15 mn shares)
Ø Indian Hotels Co (0.93 mn shares)
Ø Himadri Chemicals & Industries (0.85 mn shares)
Ø Gammon Infra (0.82 mn shares)
Ø JaiPrakash Associates (0.74 mn shares)
Top 5 sector exposures
Ø Banks (11%)
Ø Petroleum, Gas and petrochemical products (9%)
Ø Engineering and Capital Goods (7%)
Ø Auto & Auto Ancillaries (6%)
Ø Steel and Ferrous Metal (6%)
Source: http://www.myiris.com/newsCentre/storyShow.php?fileR=20101222172431707&secID=fromnewsroom&secTitle=From%20the%20News%20Room&dir=2010/12/22--
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