Gujarat Pipavav, LIC, NTPC top sells: Tata Mutual Fund

Tata Mutual Fund decreased its weightage in pharmaceuticals, engineering & capital goods and metals & mining space, while enhanced its exposure in information technology, cement & construction and automotive space.Gujarat Pipavav Port, LIC Housing Finance, NTPCwere the top sells, while IVRCL, Idea Cellular andJaiprakash Associates were the top buys.The study of the portfolio managed by Tata Mutual Fund for the month of October 2011 shows that, in the pharmaceuticals space, the fund sold Lupin, Torrent Pharmaceuticals and Ipca Laboratories, while it bought Divis Laboratories, Cipla and Sun Pharmaceutical Industries.In the engineering & capital goods pack, it sold Gujarat Pipavav Port, AIA Engineering and Cummins India, while it bought Larsen and Toubro, Crompton Greaves and BEML.(View - All Bulk Deals by Mutual Funds).In the metals & mining space, it sold Jindal Steel, Tata Steel, Coal India and Usha Martin and it exited from Maharashtra Seamless, while it bought Hindalco Industries, GMDC and Sterlite Industries and even introduced MOIL to its portfolio.On the buying side, the fund purchased Infosys, HCL Technologies and Tata Consultancy Services in the IT sector but sold Zenith Infotech, Hinduja Global Solutions and NIIT Technologies from the same sector. (Check out - Which sectors are attracting Fund Managers?)In the cement & construction space, the fund bought Jaiprakash Associates, Rain Commodities and added IVRCL to its portfolio, while it sold Simplex Infrastructures, Sadbhav Engineering and Supreme Infrastructure India.The fund bought Tata Motors (DVR), Tata Motors and Mahindra & Mahindra in the automotive segment, but sold Exide Industries and Amara Raja Batteries.