Stocks witnessing selling pressure in January 2021

In our last update, we had listed the top five stocks that attracted fund managers in the month of January 2021. Now, let us have a look at the top five stocks that witnessed a lot of selling from the fund managers. 

This time in the month of January 2021, the top five stocks that the fund managers sold are majorly from the energy sector. Reliance Industries Ltd and Power Grid Corporation of India Ltd were at the top of the fund managers' selling list, where the average sale value was around Rs 2,172.73 crore and Rs 1,056.74 crore, respectively. 

If we look sector-wise, then the energy sector seems to be on the top with an approximate sell value of Rs 4,982.88 crore, followed by the technology & financial sector with an approximate sell value of Rs 3,600.85 crore and Rs 2,717.53 crore, respectively. 

Now if we take a look market cap-wise then, this time around, the large-cap witnessed the highest selling with an approximate sell value of Rs 15,768.71 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 5,176.44 crore and Rs 2,626.79 crore, respectively. 

The intention of the above analysis is only for the purpose of understanding the activity of mutual funds as well as gauging the fund managers’ approach. It is by no means, a recommendation to buy or sell. It is always advisable to have a financial plan in place, which must be followed with discipline and investments in mutual funds being made to be based on your individual risk assessment.