Stocks witnessing selling pressure in September 2020
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
As every coin has a flip side, mutual funds are no different in that sense. Fund managers not only buy but also sell. It becomes equally important to know what they are selling. So, let’s find out.
In our last update, we had listed the top five stocks that attracted fund managers in the month of September 2020. Now, let us have a look at the top five stocks that witnessed a lot of selling from the fund managers.
|
Stock Name |
Sector |
Classification |
Net Qty Sold |
Approx. Sell Value (In cr) |
|
Hexaware Technologies Ltd |
Technology |
Mid-Cap |
3,81,52,233 |
1,646.56 |
|
Hindustan Unilever Ltd |
FMCG |
Large-Cap |
71,23,730 |
1,490.83 |
|
State Bank of India |
Financials |
Large-Cap |
5,52,75,517 |
1,098.34 |
|
ICICI Bank Ltd |
Financials |
Large-Cap |
2,76,74,317 |
1,036.92 |
|
Wabco India Ltd |
Automobile and Ancillaries |
Mid-Cap |
15,96,095 |
1,019.38 |
This time, in the month of September 2020, the top five stocks that fund managers sold are majorly from the financial sector.
If we look purely sector-wise, then the financial sector seems to be on the top with an approximate sell value of Rs 7,030.48 crore, followed by automobile & ancillaries and technology sector with an approximate sell value of Rs 2,673.31 crore and Rs 2,508.45 crore, respectively.
Now, if we take a look market cap-wise, then this time around, large-cap witnessed highest selling with an approximate sell value of Rs 14,787.99 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 6,800.60 crore and Rs 1,648.15 crore, respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund managers’ approach and it in 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.