Stocks experiencing selling pressure in May 2020
In our last update, we had listed the top five stocks that attracted fund managers in the month of May 2020. Now, let us have a look at the top five stocks that witnessed a lot of selling pressure from the fund managers.
|
Stock Name
|
Sector
|
Classification
|
Net Qty Sold
|
Approximate Sell Value (in crore)
|
|
Reliance Industries Ltd
|
Energy
|
Large-Cap
|
1,90,86,787
|
2,783.34
|
|
HDFC Bank Ltd
|
Financials
|
Large-Cap
|
95,91,795
|
936.84
|
|
Tata Consumer Products Ltd
|
FMCG
|
Mid-Cap
|
2,28,38,072
|
820.46
|
|
State Bank of India
|
Financials
|
Large-Cap
|
4,37,06,636
|
768.69
|
|
Larsen & Toubro Ltd
|
Infrastructure
|
Large-Cap
|
81,38,302
|
744.57
|
In the month of May 2020, the top five stocks that the fund managers sold were mainly from the financial sector.
If we look sector-wise then, financial sector seems to be on the top with an approximate sell value of Rs 6,023.34 crore, followed by energy and FMCG sector with an approximate sell value of Rs 4,063.22 crore and Rs 2,897.19 crore, respectively.
Now if we take a look market cap-wise then this time around, large-cap witnessed highest selling with an approximate sell value of Rs 13,755.80 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 8,502.71 crore and Rs 4,088.17 crore, respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds as well as 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.