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Prashant Jain: HDFC Mutual Fund dumps high-flying stocks to pick laggards


Synopsis
Investment managers led by Prashant Jain increased exposure to Coal India, whose shares are down 1.30 per cent since the beginning of this financial year.
Prashant Jain, ED and CIO of HDFC AMC
NEW DELHI: HDFC Mutual Fund lapped up select underperformers from the mining, FMCG and power sectors during the November market rally that lifted BSE benchmark Sensex 11 per cent to 44,150, on firm global cues, sustained inflows from foreign institutional investors and progress on Covid-19 vaccine.
Investment managers led by Prashant Jain at the country’s second-largest money manager increased exposure to Coal India, whose shares are down 1.30 per cent since the beginning of this financial year. It bought nearly 80 lakh shares in the world’s single largest coal producer last month. ....

India General , Maruti Suzuki , Bharti Airtel , Mishra Dhatu Nigam , Prashant Jain , Radico Khaitan , Sun Pharmaceuticals , Corporation Of India , Mutual Fund , Rain Industries , Ashok Leyland , Lt Technology Services , Sun Tv Network , Bajaj Auto , Hindustan Aeronautics , First Bank , Tata Steel , Ace Mutual Fund , Coal India , Federal Bank , Jamna Auto , Ambuja Cement , Power Grid , United Spirits , Endurance Technologies , Phoenix Mills ,

Prashant Jain: Team Prashant Jain at HDFC Mutual Fund dumping high-flying stocks to pick laggards


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NEW DELHI: HDFC Mutual Fund lapped up select underperformers from the mining, FMCG and power sectors during the November market rally that lifted BSE benchmark Sensex 11 per cent to 44,150, on firm global cues, sustained inflows from foreign institutional investors and progress on Covid-19 vaccine.
Investment managers led by Prashant Jain at the country’s second-largest money manager increased exposure to Coal India, whose shares are down 1.30 per cent since the beginning of this financial year. It bought nearly 80 lakh shares in the world’s single largest coal producer last month.
The fund house also picked over 40 lakh shares each in REC and ITC. Shares of the former have gained 53 per cent to Rs 136 as of December 11 from Rs 88 on March 31, while those of the latter have risen nearly 26 per cent to Rs 216. The 30-share Sensex has added 56.40 per cent during the same period. ....

India General , Maruti Suzuki , Bharti Airtel , Mishra Dhatu Nigam , Prashant Jain , Radico Khaitan , Sun Pharmaceuticals , Corporation Of India , Mutual Fund , Rain Industries , Ashok Leyland , Lt Technology Services , Sun Tv Network , Bajaj Auto , Hindustan Aeronautics , First Bank , Tata Steel , Ace Mutual Fund , Coal India , Federal Bank , Jamna Auto , Ambuja Cement , Power Grid , United Spirits , Endurance Technologies , Phoenix Mills ,