January 2020: Know more about stocks witnessing selling pressure
In our last update we listed the top five stocks that attracted fund manager in the month of January 2020. Now let us have a look at top five stocks that witnessed a lot of selling from fund managers.
|
Stock Name
|
Sector
|
Classification
|
Month
|
Net Qty Sold
|
Approx. Sell Value (In Cr)
|
|
Reliance Industries Ltd.
|
Energy
|
Large-Cap
|
Jan-20
|
2,15,83,734
|
3,157
|
|
Tata Consultancy Services Ltd.
|
Technology
|
Large-Cap
|
Jan-20
|
60,26,323
|
1,278
|
|
Indian Oil Corporation Ltd.
|
Energy
|
Large-Cap
|
Jan-20
|
8,35,80,664
|
999
|
|
Bajaj Finance Ltd.
|
Financials
|
Large-Cap
|
Jan-20
|
15,76,223
|
678
|
|
Infosys Ltd.
|
Technology
|
Large-Cap
|
Jan-20
|
47,32,902
|
357
|
This time in the month of January 2020 the top five stocks that fund managers sold are majorly from energy and technology sector.
If we look purely sector-wise then energy sector seems to be on the top with approximate sell value of Rs 4,725.26 crores followed by financials and technology sector with approximate sell value of Rs 2,532.43 crores and Rs 2,076.77 crores respectively.
Now if we take a look market cap-wise then this time around large-cap witnessed highest selling with approximate sell value of Rs 11,703.31 crores followed by mid-cap and small-cap with approximate sell value of Rs 2,140.50 crore and Rs 1,625.64 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 is recommendation to buy or sell. It is always advisable to have 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.