Tata Motors up by 20 per cent in two days
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
|