Stocks that witnessed selling pressure from fund managers in January 2019
Looking at the current market volatility, let’s know which stocks faced selling pressure from fund managers in the month of January 2019.
Stock Name | Sector | Category | Month | Net Qty Sold | Approx. Sell Value (In Cr) |
Indian Oil Corp. Ltd. | Energy | Large-Cap | Jan-19 | 34989249 | 479.19 |
Coal India Ltd. | Energy | Large-Cap | Jan-19 | 20547028 | 478.15 |
Oil & Natural Gas Corp. Ltd. | Energy | Large-Cap | Jan-19 | 28485502 | 414.74 |
Wipro Ltd. | Technology | Large-Cap | Jan-19 | 10206027 | 357.24 |
Bharat Petroleum Corp. Ltd. | Energy | Large-Cap | Jan-19 | 9565454 | 338.72 |
So, if we look at the above table, we can see that the energy sector is under the selling pressure from the fund managers. Indian Oil Corporation, Coal India, Oil and Natural Gas Corporation (ONGC) witnessed the highest selling followed by Wipro and Bharat Petroleum, with an approximate sell value of Rs. 479.19 crore, 478.15 crore, 414.74 crore, 357.24 crore and 338.72 crore, respectively.
If we look sector-wise then energy sector seems to be on the top with an approximate sell value of Rs. 2,510.40 crore followed by financial and technology sector with an approximate sell value of Rs. 2,346.69 crore and Rs. 923.75 crore, respectively.
Now if we take a look market cap-wise, large-cap witnessed highest selling with an approximate sell value of Rs. 6,419.92 followed by mid-cap and small-cap with an approximate sell value of Rs. 2,589.01 crore and Rs. 1,492.78 crore, respectively.
But 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 is a recommendation to buy or sell a particular company. It is always advisable to have a financial plan in place which must be followed with discipline. Your investments in mutual funds should be based on your individual risk assessment.