March 2020: Stocks witnessing selling pressure
In our last update, we had listed top five stocks that attracted fund managers in the month of March 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
|
Month
|
Net Qty Sold
|
Approx. Sell Value (In crore)
|
|
Power Grid Corporation Of India Ltd
|
Energy
|
Large-Cap
|
March-20
|
6,69,45,496
|
1,140.08
|
|
Asian Paints Ltd
|
Chemicals
|
Large-Cap
|
March -20
|
47,90,914
|
830.07
|
|
Tata Motors Ltd
|
Automobile & Ancillaries
|
Large-Cap
|
March -20
|
3,65,04,957
|
365.12
|
|
Larsen & Toubro Ltd
|
Infrastructure
|
Large-Cap
|
March -20
|
35,75,186
|
356.81
|
|
Colgate-Palmolive (India) Ltd
|
FMCG
|
Large-Cap
|
March -20
|
24,77,079
|
314.30
|
This time in the month of March 2020, the top five stocks that the fund managers sold are majorly from the energy sector.
If we look purely sector-wise then, the energy sector seems to be on the top with an approximate sell value of Rs 1,540.13 crore, followed by financials and chemicals sector with an approximate sell value of Rs 1,384.37 crore and Rs 1,342.16 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 4,942.33 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 3,288.14 crore and Rs 1,134.95 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 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.