Stocks witnessing selling pressure in September 2020

Stocks witnessing selling pressure in September 2020

Henil Shah
/ Categories: Mutual Fund, MF Unlocked

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.

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