Stocks witnessing selling pressure in July 2020
In our last update, we had mentioned the top five stocks that attracted fund managers in the month of July 2020. Now, let us have a look at the top five stocks that witnessed a lot of selling from fund managers.
|
Stock Name
|
Sector
|
Classification
|
Net Qty Sold
|
Approx. Sell Value (In Cr)
|
|
Reliance Industries Ltd
|
Energy
|
Large-Cap
|
2,27,56,411
|
4,290.85
|
|
Housing Development Finance Corporation Ltd
|
Financials
|
Large-Cap
|
55,35,463
|
978.86
|
|
Bajaj Finance Ltd
|
Financials
|
Large-Cap
|
26,18,463
|
796.30
|
|
Eicher Motors Ltd
|
Automobile and Ancillaries
|
Large-Cap
|
3,99,095
|
777.70
|
|
Axis Bank Ltd
|
Financials
|
Large-Cap
|
1,47,68,833
|
619.03
|
This time in the month of July 2020, the top five stocks that fund managers sold are mainly from the financial sector.
If we look sector-wise then, the energy sector seems to be on the top with an approximate sell value of Rs 5,507.13 crore, followed by financials, automobile and ancillaries’ sector with an approximate sell value of Rs 4,121.29 crore and Rs 2,681.26 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 15,847.89 crore, followed by mid-cap and small-cap, with an approximate sell value of Rs 3,400.82 crore and Rs 2,033.50 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 is 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.