Know more about stocks witnessing selling pressure
In our last update, we had listed the top five stocks that attracted fund managers in the month of April 2020. Now, let us have a look at the top five stocks that witnessed a lot of selling from fund managers in the same month.
|
Stock Name
|
Sector
|
Classification
|
Net Qty Sold
|
Approx. Sell Value (In Crore)
|
|
Glaxosmithkline Consumer Healthcare Ltd
|
FMCG
|
Large-Cap
|
16,71,407
|
1,667.11
|
|
ITC Ltd
|
FMCG
|
Large-Cap
|
7,41,84,295
|
1,312.16
|
|
HDFC Bank Ltd
|
Financials
|
Large-Cap
|
1,20,08,752
|
1,119.26
|
|
Larsen & Toubro Ltd
|
Infrastructure
|
Large-Cap
|
1,04,62,236
|
892.59
|
|
Axis Bank Ltd
|
Financials
|
Large-Cap
|
2,03,16,435
|
837.48
|
This time in the month of April 2020, the top five stocks that the fund managers sold are majorly from FMCG and financial sector.
If we look purely sector-wise then, financial sector seems to be on the top with an approximate sell value of Rs 6,022.32 crore, followed by FMCG and technology sector, with an approximate sell value of Rs 4,052.84 crore and Rs 1,176.77crore, respectively.
Now, if we take a look market cap-wise then, this time around, large-cap witnessed the highest selling with an approximate sell value of Rs 12,849.08 crore, followed by mid-cap and small-cap, having an approximate sell value of Rs 3,527.78 crore and Rs 1,116.08 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. Meanwhile, investments in mutual funds should be made based on your individual risk assessment.