Tata Motors up by 20 per cent in two days

Tata Motors up by 20 per cent in two days

Shashikant Singh
/ Categories: Mutual Fund

Tata Motors is currently trading at its 52-week high and went up by 20 per cent in the last two trading sessions. In the last six months, the share price of Tata Motors has doubled, thanks to the improving fundamentals of the company. The sales of the company have increased by 53 per cent on a sequential basis for the quarter ending September 2020. Even in the latest quarter (ending December 2020), there is a 13.1 per cent increase in sales on a quarter-on-quarter basis. This is the second straight quarter of recovery.

Despite such improvement in the fundamentals of the company, mutual fund schemes on average have reduced their holding in the company. It has come down from 17.43 crore at the end of August 2020 to 16.51 crore at the end of November 2020.  

Shares held by domestic MF schemes (including ETF and Index Fund) of Tata Motors are:

Sector

No. of Funds

No. of Shares

No. of Shares

No. of Shares

No. of Shares

 

 

Nov-20

Oct-20

Sep-20

Aug-20

Automobile and Ancillaries

125

165182744

167777820

173306761

174304531

 

Some of the prominent funds that have totally exited from the fund in the last two months are HDFC Balanced Advantage Fund, HDFC Equity Savings Fund, and ICICI Pru Equity Savings Fund.

Funds that have reduced their stake in Tata Motors:

   

Nov-20

Oct-20

Sep-20

Aug-20

Fund Name

Fund Manager

AUM (in Rs. cr)

% of AUM

No. of Shares

No. of Shares

No. of Shares

No. of Shares

HDFC Balanced Advantage Fund(G)

Prashant Jain

-

-

0

3637506

6562506

6562506

HDFC Equity Fund(G)

Prashant Jain

20546.3

0.59

6678000

8678000

14003000

9133000

L&T Balanced Advantage Fund-Reg(G)

Vihang Naik

956.2

1.71

906300

1818300

1567500

0

DSP Dynamic Asset Allocation Fund-Reg(G)

Saurabh Bhatia

1959.4

0.45

484500

1179900

957600

957600

HDFC Equity Savings Fund(G)

Gopal Agrawal

-

-

0

615600

1225500

1225500

 

While the funds that have increased their stake in the company are L&T India Value Fund, Invesco India Growth Opportunities Fund, and Aditya Birla SL Frontline Equity Fund.

Funds that have increased their stake in Tata Motors:

   

Nov-20

Oct-20

Sep-20

Aug-20

Fund Name

Fund Manager

AUM (in Rs. cr)

% of AUM

No. of Shares

No. of Shares

No. of Shares

No. of Shares

L&T India Value Fund

Venugopal Manghat

6589.3

0.99

3619400

0

0

0

Invesco India Growth Opp Fund

Taher Badshah

3278.4

1.07

1939025

0

0

0

Aditya Birla SL Frontline Equity Fund

Mahesh Patil

18745.5

0.16

1698600

0

0

0

Parag Parikh Long Term Equity Fund

Rajeev Thakkar

5757.3

0.34

1100100

0

0

0

HDFC Growth Opp Fund

Gopal Agrawal

1580.8

0.91

800000

0

0

0

 

The fund that will benefit most out of such an increase in Tata Motors price is UTI Transportation & Logistics Fund, which holds 6.66 per cent of its assets in Tata Motors. Hence, a 20 per cent increase in the share price of Tata Motors means a 1.32 per cent increase in the NAV of the scheme.

Funds that have the highest stake in Tata Motors:

   

Nov-20

Fund Name

Fund Manager

AUM (in Rs. cr)

% of AUM

No. of Shares

UTI Transportation & Logistics Fund

Sachin Trivedi

1383.3

6.66

5110174

Baroda Equity Savings Fund

Dipak Acharya

384.7

3.79

809400

Franklin India Equity Fund

Anand Radhakrishnan

8841

3.37

16500000

SBI Contra Fund

Dinesh Balachandran

1489.8

3.03

2500000

Invesco India Focused 20 Equity Fund

Taher Badshah

734.1

2.96

1205496

 

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