Stocks witnessing selling pressure in November 2020
In our last update, we had listed the top five stocks that attracted fund managers in the month of November 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)
|
|
Kotak Mahindra Bank Ltd
|
Financials
|
large-cap
|
1,59,67,180
|
2,757.61
|
|
Reliance Industries Ltd
|
Energy
|
large-cap
|
1,13,33,208
|
2,257.72
|
|
ICICI Bank Ltd
|
Financials
|
large-cap
|
3,29,80,494
|
1,427.93
|
|
HDFC Bank Ltd
|
Financials
|
large-cap
|
97,64,378
|
1,281.27
|
|
Bajaj Finance Ltd
|
Financials
|
large-cap
|
28,73,592
|
1,180.67
|
This time in the month of November 2020, the top five stocks that the fund managers sold are majorly from the financial sector. Kotak Mahindra Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, and Bajaj Finance Ltd were at the top of the selling list of the fund managers, where the average sale value was around Rs 2,757.61 crore, Rs 1,427.93 crore, Rs 1,281.27 crore, and Rs 1,180.67 crore, respectively.
If we look purely sector-wise, then the financial sector seems to be on the top with an approximate sell value of Rs 11,208.74 crore, followed by the energy and FMCG sector with an approximate sell value of Rs 4,277.13 crore and Rs 3,740.53 crore, respectively.
Now if we take a look market cap-wise, then this time around, the large-cap witnessed the highest selling with an approximate sell value of Rs 28,818.81 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 7,147.64 crore and Rs 1,952.22 crore, respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds as well as gauging the fund managers’ approach and it by 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.