Birla Sun Life Asset Management Company enhanced its exposure in the pharmaceuticals, media & entertainment and chemicals sector. However, it slashed its exposure in metals & mining, manufacturing and food & beverages sector.
SpiceJet, Sun TV Network and Chambal Fertilisers were the top buys, while Ballarpur Industries, Punj Lloyd and Balrampur Chini Mills were the top sells.
A study of the Birla Sun Life Asset Management portfolio for the month of February 2010 showed that in the pharmaceuticals space, it bought Cipla, Divis Laboratories and Aurobindo Pharma. However, it sold Biocon and exited Glenmark Pharma. (View - All Bulk Deals by Mutual Funds.)
In the media & entertainment space, it purchased Sun TV Network and DB Corp, while sold HT Media, Zee Entertainment and Balaji Telefilms. It also exited Zee News.
The fund bought Chambal Fertilisers, United Phosphorous and Castrol India. It also introduced Asian Paints in the chemicals sector. However, it sold Coromandel International and Berger Paints. (Check out - Which sectors are attracting Fund Managers?)
The selling pressure was seen in the metals & mining segment, where it sold Sesa Goa, Tata Steel and Hindalco Industries. However, it purchased Welspun Gujarat and Usha Martin.
The fund sold Jain Irrigation Systems, Ballarpur Industries and Bharat Electronics in the manufacturing pack. But it bought Phoenix Mills.
In the food & beverages sector, it sold Balrampur Chini Mills, Shree Renuka Sugars and Triveni Engineering. It also exited Bajaj Hindusthan in the same space. While it bought United Spirits, Mcleod Russel and Nestle India.
Source: http://www.moneycontrol.com/news/mf-analysis/birla-sun-life-picks-pharma-media-chemical-sells-metal_446089.html
SpiceJet, Sun TV Network and Chambal Fertilisers were the top buys, while Ballarpur Industries, Punj Lloyd and Balrampur Chini Mills were the top sells.
A study of the Birla Sun Life Asset Management portfolio for the month of February 2010 showed that in the pharmaceuticals space, it bought Cipla, Divis Laboratories and Aurobindo Pharma. However, it sold Biocon and exited Glenmark Pharma. (View - All Bulk Deals by Mutual Funds.)
In the media & entertainment space, it purchased Sun TV Network and DB Corp, while sold HT Media, Zee Entertainment and Balaji Telefilms. It also exited Zee News.
The fund bought Chambal Fertilisers, United Phosphorous and Castrol India. It also introduced Asian Paints in the chemicals sector. However, it sold Coromandel International and Berger Paints. (Check out - Which sectors are attracting Fund Managers?)
The selling pressure was seen in the metals & mining segment, where it sold Sesa Goa, Tata Steel and Hindalco Industries. However, it purchased Welspun Gujarat and Usha Martin.
The fund sold Jain Irrigation Systems, Ballarpur Industries and Bharat Electronics in the manufacturing pack. But it bought Phoenix Mills.
In the food & beverages sector, it sold Balrampur Chini Mills, Shree Renuka Sugars and Triveni Engineering. It also exited Bajaj Hindusthan in the same space. While it bought United Spirits, Mcleod Russel and Nestle India.
Source: http://www.moneycontrol.com/news/mf-analysis/birla-sun-life-picks-pharma-media-chemical-sells-metal_446089.html
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