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Fund Action

Friday, August 31, 2007

Triveni Engg
CLSA Mauritius buys 43 lakh shares @ Rs 81.15/sh (NSE/BSE) (1.7% stake)
Morgan Stanley holds 4% stake
HSBC Global Inv holds 3.7% stake

Alok Ind
Citigroup Global sells 8.57 lakh shares @ Rs 65/sh
(Reduces stake from 3.97% to 3.47%)
Sonata Inv buys 9.5 lakh shares @ Rs 61.25/sh on 20th Aug
Sonata Inv buys 30.6 lakh shares @ Rs 58.1/sh on 17th Aug
(Bought 40.1 lakh shares ie 2.35% stake )

GMR Infra
IDFC Infra Fund sells 22.5 lakh shares @ Rs 824/sh

IFCI Ltd.
ABN Amro sells 55.91 lakh shares @ Rs 61.7/sh (0.88% stake)
LIC already holds 8.4% stake
IDBI already holds 5% stake
Deutsche Sec already holds 3.4%
Goldman Sachs already holds 3.3%

(Both GMR and IFCI see some Fund selling after a long time)

AXIS Bank
Merill Lynch Capital buys 21 lakh shares @ Rs 612/sh (0.7% stake)
LIC buys 39.12 lakh shares @ Rs 612/sh (NSE/BSE) (1.4% stake)
Barclays Capital sells 97.75 lakh shares @ Rs 612/sh (3.5% stake) (Reduces stake from 4.91% to 1.41%)

Birla Corp
Emerging Markets buys 4 lakh shares @ Rs 295/sh
Citigroup Global sells 4 lakh shares @ Rs 295/sh (0.52% stake) (Reduces stake from 2.64% to 2.12%)

Karnataka Bank
Morgan Stanley buys 8.2 lakh shares @ Rs 184.5/sh (0.67% stake) (Increases stake from 2.52% to 3.19%)
Oppenhiemer Funds already holds 4.94% stake

XL Telecom
KMR Ind sells 75 thousand shares @ Rs 157/sh
House View:
Prabhudas Lilladher puts a buy at Rs 146

Blue Star
Calyon sells 6.24 lakh shares @ Rs 316.5/sh

Dish TV
Reliance MF buys 50.85 lakh shares @ Rs 75/sh (1.2% stake)
Fidelity Mangement sells 52.4 lakh shares @ Rs 75/sh

Dwarikesh Sugar
Merrill Lynch Capital buys 2.1 lakh shares @ Rs 58.8/sh (NSE/BSE) (1.3% stake)

K Sera Sera
Macquarie Bank sells 1 lakh shares @ Rs 18.3/s

Nagarjuna Fert & Chem
Lehman Bros Asia sells 24.5 lakh shares @ Rs 35.8/sh
Merrill Lynch bought 1.08 cr shares @ Rs 34.7/sh (2.3%, Ups stake to 3.43% from 1.13%) on 20th August
Citigroup Global sold 23.86 lakh shares @ Rs 36/sh on 20th August

Posted by FR at 9:34 AM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.