Stocks witnessing selling pressure in June 2020
In our last update, we had listed the top five stocks that attracted fund managers in the month of June 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 crore)
|
|
HDFC Bank Ltd
|
Financials
|
Large-Cap
|
1,37,52,605
|
1,387.27
|
|
Tata Consultancy Services Ltd
|
Technology
|
Large-Cap
|
60,15,070
|
1,219.38
|
|
Larsen & Toubro Ltd
|
Infrastructure
|
Large-Cap
|
1,23,53,727
|
1,158.74
|
|
Housing Development Finance Corporation Ltd
|
Financials
|
Large-Cap
|
55,78,594
|
952.15
|
|
Bajaj Finance Ltd
|
Financials
|
Large-Cap
|
36,68,974
|
877.71
|
This time, in the month of June 2020, the top five stocks that the fund managers sold are majorly from the financial sector.
If we look purely sector-wise then, the financials sector seems to be on the top with an approximate sell value of Rs 5,703.74 crore, followed by technology and energy sector with an approximate sell value of Rs 2,101.78 crore and Rs 1,606.86 crore, respectively.
Now, if we take a look market cap-wise then, this time around, large-cap witnessed the highest selling with an approximate sell value of Rs 11,906.31 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 3,909.51 crore and Rs 2,036.45 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, 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.