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Mumbai8 hours ago
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- The fund house has an experienced team to manage the fund for years, which simply works to buy
- SBI Mutual Fund has sold shares of Axis Bank, Adani Port, Kotak Mahindra Bank, Mahindra & Mahindra, L&T and Reliance Industries
If you are an investor in the stock market then it is very important to know you. You can decide to invest by looking at which shares are bought and which are sold by the two largest fund houses of the country in November. Because the fund house has an experienced team to manage the fund for years, which simply works to buy and sell shares.
HDFC sold 80 lakh shares of Coal India
HDFC Mutual Fund, the country’s second-ranked mutual fund, bought 8 million shares of Coal India in November. Coal India is the world’s single largest coal producer. Prashant Jain decides to invest in HDFC and his team completes it. This fund house has placed bets on shares of government companies. It has bought 4 million shares in Rural Electric Corporation (REC). While ITC has also bought 40 lakh shares.
ITC targets Rs 265
Global brokerage house Jefferies has set an ITC target of Rs 265. The stock is currently hovering around Rs 213. Its business is in many sectors. It has benefited from it in Kovid. Similarly, this fund house has also bought fiercely in Sun Pharma, GAIL, Federal Bank, Jamana Auto, Hindalco, Vedanta, Lupine, HCL Technology, Hindustan Aeronautics etc. The shares of these companies have soared from 55 per cent to one-and-a-half times from their March low.
1 crore shares of ICICI Bank sold
However this fund house has sold one crore shares of ICICI Bank. Ambuja Cement, Tata Steel, Power Grid and Punjab National Bank and Power Grid have sold 50-50 lakh shares each. That is, there is no possibility of further rise in these stocks. Overall, it has increased its stake in 76 shares in November. While reduced the stake in 92 shares.
Shopping at Bank of Baroda
Talking about the sector, the fund house has bought one lakh shares in Bank of Baroda and IDFC First Bank. It has bought 13 thousand shares in Bajaj Auto and 60 thousand shares in Maruti Suzuki. Bought 2.46 lakh shares of Mahindra & Mahindra. Apart from this, the fund house has also bought Cadila Healthcare, Bharat Dynamics, Airtel, DLF, Adani Port, Radico Khaitan, Titan and Allantdi Technology.
Bata sold the entire share of Colgate
Bata India, Colgate, Nalco, VIP Industries have completely exited this fund house. It has made fresh purchases in stocks such as Ashok Leyland, Dabur, Mindspace and Sun TV. Ashok Leyland’s stock has risen 80% in 6 months. Maruti’s target has been increased to Rs 8,677. Meanwhile, the country’s largest fund house SBI Mutual Fund has played bets on some stocks. It has made purchases in small and mid cap. It has bought one crore shares of state-run NHPC. The stock is priced at Rs 22. With the increase in power consumption, the company is seeing a boom in it.
Shopping at Federal Bank, V Guard
Apart from this, it has bought 10 to 55 lakh shares in companies like Federal Bank, Finolex Industries, V-Guard. It has also bought shares of Solar Industries, ICICI Lombard, IDFC First Bank. SBI Mutual Fund has sold shares of Axis Bank, Adani Port, Kotak Mahindra Bank, Mahindra & Mahindra, L&T, Power Grid, Reliance Industries and Bharti Airtel. It has bought into GAIL India, SBI, Hindalco and ITC.
There is a fast outlook on ITC. It has bought shares in SBI, Gland Pharma, Shobha. This fund house manages assets worth Rs 4.58 lakh crore.