December 2019: Know more about stocks witnessing selling pressure
In our last update, we listed the top 5 stocks that attracted fund managers in the month of December 2019. Now let us have a look at the top 5 stocks that witnessed a lot of selling from the fund managers:
| Stock Name | Sector | Classification | Month | Net Qty Sold | Approx. Sell Value (In Cr) |
| Infosys Ltd. | Technology | Large-Cap | Dec-19 | 2,08,70,429 | 1,489.64 |
| Tata Consultancy Services Ltd. | Technology | Large-Cap | Dec-19 | 62,54,280 | 1,318.05 |
| ICICI Bank Ltd. | Financials | Large-Cap | Dec-19 | 1,22,86,510 | 645.94 |
| SBI Life Insurance Company Ltd. | Financials | Large-Cap | Dec-19 | 62,97,836 | 605.11 |
| HDFC Ltd. | Financials | Large-Cap | Dec-19 | 21,63,112 | 509.39 |
This time in the month of December 2019, the top five stocks which the fund managers sold are majorly from technology and financial sector.
If we look sector-wise then, the technology sector seems to be on the top with an approximate sell value of Rs 3,905.42 crore, followed by financials, automobile and ancillaries with an approximate sell value of Rs 3,235.93 crore and Rs 1,293.54 crore, respectively.
Now if we take a market cap-wise look, then this time around, the large-cap witnessed highest selling with an approximate sell value of Rs 9,743.58 crore followed by mid-cap as well as small-cap with an approximate sell value of Rs 1,695.52 crore and Rs 1,325.08 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 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.