October 2020: Know more about stocks witnessing selling pressure
In our last update, we listed the top five stocks that attracted fund managers in the month of October 2020. Now let us have a look at the top five stocks that witnessed a lot of selling from fund managers.
|
Stock Name
|
Sector
|
Classification
|
Net Qty Sold
|
Approx. Sell Value (In Cr)
|
|
Infosys Ltd.
|
Technology
|
Large-Cap
|
1,38,98,222
|
1437.66
|
|
Hindustan Unilever Ltd.
|
FMCG
|
Large-Cap
|
63,44,360
|
1313.17
|
|
HDFC Bank Ltd.
|
Financials
|
Large-Cap
|
86,82,234
|
982.04
|
|
ITC Ltd.
|
FMCG
|
Large-Cap
|
5,82,17,029
|
980.83
|
|
Housing Development Finance Corporation Ltd.
|
Financials
|
Large-Cap
|
46,60,070
|
853.59
|
This time in the month of October 2020 the top five stocks that mutual fund managers sold are majorly from the financials sector. HDFC Bank Ltd. and Housing Development Finance Corporation Ltd. were at the top of selling list of fund managers where the average sale value was around Rs 982.04 crores and Rs 853.59 crores, respectively.
If we look purely sector-wise then financial sector seems to be on the top with approximate sell value of Rs 3,952.29 crores followed by technology and FMCG sector with approximate sell value of Rs 3,198.22 crores and Rs 2,939.56 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 14,981.65 crores followed by mid-cap and small-cap with approximate sell value of Rs 4,980.64 crore and Rs 1,652.51 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 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.