Market Outlook
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August 12, 2021 Highlights Inflows into equity funds continued with July seeing inflows at | 8900 (ex- NFOs) compared to inflow of | 5800 Mutual Fund Activity crore in June. NFOs during July collected | 13700 crore. • PRODUCT 1 SIP flows continue to rise and came in at a record high at | 9609 crore compared to | 9155 crore in June 2021. Retail Equity Research Equity Retail – Research Analysts Sachin Jain Securities ICICI [email protected] Top buy/sell across AMCs: Large Cap Market Value(crs) Shares(lakhs) Top 10 Buys in Largecap Jul-21 Jun-21 Jul-21 Jun-21 NMDC Ltd. 3330 1972 1838 1071 Yes Bank Ltd. 155 156 1767 1398 Britannia Industries Ltd. 3671 3309 107 91 Adani Enterprises Ltd. 1515 1373 107 91 United Spirits Ltd. 3071 2735 479 413 HDFC Life Insurance Co Ltd. 7143 6568 1076 957 Adani Ports and Special Economic Zone Ltd. 6079 5683 901 808 Siemens Ltd. 1448 1349 74 67 Hero MotoCorp Ltd. 3891 3745 141 129 JSW Steel Ltd. 4603 3948 625 577 Market Value(crs) Shares(lakhs) Top 10 Sells in Largecap Jul-21 Jun-21 Jul-21 Jun-21 Colgate-Palmolive (India) Ltd. 1050 1178 62 70 Grasim Industries Ltd. 4217 4556 272 304 Steel Authority Of India Ltd. 2987 3015 2103 2309 Havells India Ltd. 2009 1836 171 187 Cadila Healthcare Ltd. 3247 3883 554 602 Tata Consumer Products Ltd. 5546 5873 733 779 Hindustan Zinc Ltd. 122 136 38 40 Research Equity Retail Bank Of Baroda 3652 4106 4548 4780 – Wipro Ltd. 6037 5891 1028 1080 Info Edge (India) Ltd. 7099 6972 136 142 ICICI Securities Securities ICICI Source: ACE MF, ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps as defined by AMFI. Socks above | 50 crore holding were considered ICICI Securities Ltd. | Retail MF Research 2 Top buy/sell across AMCs: Midcap Market Value(crs) Shares(lakhs) Top 10 Buys in Midcap Jul-21 Jun-21 Jul-21 Jun-21 GMR Infrastructure Ltd. 175 127 617 400 Indraprastha Gas Ltd. 3663 2716 657 487 Macrotech Developers Ltd. 192 118 22 17 Godrej Industries Ltd. 134 116 25 20 Vodafone Idea Ltd. 248 250 3004 2516 Tata Chemicals Ltd. 1460 1191 191 165 Shriram Transport Finance Company Ltd. 2033 1749 146 130 Aditya Birla Fashion and Retail Ltd. 2699 2329 1203 1079 Apollo Tyres Ltd. 1771 1599 793 711 Container Corporation Of India Ltd. 3921 3864 609 553 Market Value(crs) Shares(lakhs) Top 10 Sells in Midcap Jul-21 Jun-21 Jul-21 Jun-21 Alkyl Amines Chemicals Ltd. 153 166 3 5 Canara Bank 606 774 395 510 Indian Railway Finance Corporation Ltd. 676 852 2938 3427 Mahindra & Mahindra Financial Services Ltd. 1531 1813 1011 1154 L&T Finance Holdings Ltd. 333 390 377 420 ICICI Securities Ltd. 818 791 113 123 APL Apollo Tubes Ltd. 1049 1068 60 66 Research Equity Retail Indigo Paints Ltd. 201 210 8 8 – Blue Dart Express Ltd. 420 482 8 8 Dixon Technologies (India) Ltd. 2079 2299 48 52 ICICI Securities Securities ICICI Source: ACE MF, ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps as defined by AMFI. Socks above | 50 crore holding were considered ICICI Securities Ltd. | Retail MF Research 3 Top buy/sell across AMCs: Smallcap Market Value(crs) Shares(lakhs) Top 10 Buys in Smallcap Jul-21 Jun-21 Jul-21 Jun-21 Alicon Castalloy Ltd. 120 0 15 0 Housing & Urban Development Corporation Ltd. 174 55 385 104 DFM Foods Ltd. 51 19 14 5 Gokaldas Exports Ltd. 70 22 35 16 Nazara Technologies Ltd. 241 112 13 7 Jindal Stainless Ltd. 206 83 127 76 Privi Speciality Chemicals Ltd. 138 73 9 7 Arvind Ltd. 176 102 170 130 Indiabulls Real Estate Ltd. 158 95 104 81 IIFL Wealth Management Ltd. 133 85 9 7 Market Value(crs) Shares(lakhs) Top 10 Sells in Smallcap Jul-21 Jun-21 Jul-21 Jun-21 Edelweiss Financial Services Ltd. 95 127 104 176 Happiest Minds Technologies Ltd. 380 473 28 47 Motilal Oswal Financial Services Ltd. 300 364 32 46 Aegis Logistics Ltd. 111 174 35 51 DCM Shriram Ltd. 95 135 10 15 Allcargo Logistics Ltd. 99 115 50 72 Indiabulls Housing Finance Ltd. 277 369 101 141 Research Equity Retail SpiceJet Ltd. 58 87 77 108 – Pokarna Ltd. 63 73 16 21 Ador Welding Ltd. 76 90 10 13 ICICI Securities Securities ICICI Source: ACE MF, Note: Largecaps/Midcaps/Smallcaps as defined by AMFI. Socks above |50 crores holding were considered ICICI Securities Ltd. | Retail MF Research 4 AMC wise: Top Buys and Top Holdings SBI AMC SBI AMC Market Value(crs) Shares(lakhs) Market Value(crs) Shares(lakhs) Top 10 Buys Top 10 Holdings Jul-21 Jun-21 Jul-21 Jun-21 %Change Jul-21 Jun-21 Jul-21 Jun-21 %Change Clean Science And Technology Ltd. 51 - 3 - - HDFC Bank Ltd. 23792 24475 1668 1634 2% GR Infraprojects Ltd. 382 - 22 - - Infosys Ltd. 19582 18814 1216 1190 2% Zomato Ltd. 566 - 424 - - ICICI Bank Ltd. 18261 16612 2675 2633 2% Coforge Ltd. 78 36 2 1 75% Reliance Industries Ltd. 17344 17662 852 837 2% Hindustan Aeronautics Ltd. 100 56 9 6 62% Housing Development Finance Corporation12255 Ltd. 12058 502 487 3% Adani Enterprises Ltd. 84 62 6 4 45% Tata Consultancy Services Ltd. 9209 9421 291 282 3% Kajaria Ceramics Ltd. 58 39 6 4 45% Kotak Mahindra Bank Ltd. 8390 8388 507 492 3% Finolex Industries Ltd. 325 235 184 128 44% State Bank Of India 8292 7944 1920 1895 1% NMDC Ltd. 72 53 40 29 38% Larsen & Toubro Ltd. 7704 7087 481 472 2% CreditAccess Grameen Ltd. 163 143 25 19 28% Axis Bank Ltd. 7398 7593 1043 1015 3% ICICI Prudential AMC ICICI Prudential AMC Market Value(crs) Shares(lakhs) Market Value(crs) Shares(lakhs) Top 10 Buys Top 10 Holdings Jul-21 Jun-21 Jul-21 Jun-21 %Change Jul-21 Jun-21 Jul-21 Jun-21 %Change Cognizant Technology Solutions Corporation205 - 4 - - ICICI Bank Ltd. 13199 11680 1934 1851 4% GR Infraprojects Ltd. 338 - 20 - - Bharti Airtel Ltd. 10134 9147 1804 1740 4% Zomato Ltd. 184 - 138 - - Infosys Ltd. 9689 9700 602 614 -2% Polycab India Ltd. 115 21 6 1 478% HDFC Bank Ltd. 9567 8121 671 542 24% NMDC Ltd. 164 40 91 22 320% Axis Bank Ltd. 7146 7306 1008 976 3% Oberoi Realty Ltd. 90 34 13 5 148% NTPC Ltd. 6758 6889 5718 5919 -3% Bata India Ltd. 63 25 4 2 148% Sun Pharmaceutical Industries Ltd. 6543 5995 845 888 -5% Indraprastha Gas Ltd. 158 66 28 12 139% Reliance Industries Ltd. 5456 5663 268 268 0% Research Equity Retail Jindal Steel & Power Ltd. 267 136 62 34 80% Larsen & Toubro Ltd. 5129 4729 320 315 2% – Britannia Industries Ltd. 837 526 24 14 70% ITC Ltd. 4998 5056 2439 2494 -2% ICICI Securities Securities ICICI Source: ACE MF, ICICI Direct Research. Note: Stock holding above | 50 crore is considered ICICI Securities Ltd. | Retail MF Research 5 AMC wise: Top Buys and Top Holdings HDFC AMC HDFC AMC Market Value(crs) Shares(lakhs) Market Value(crs) Shares(lakhs) Top 10 Buys Top 10 Holdings Jul-21 Jun-21 Jul-21 Jun-21 %Change Jul-21 Jun-21 Jul-21 Jun-21 %Change Abbott India Ltd. 59 - 0 - - State Bank Of India 10318 9875 2390 2356 1% Clean Science And Technology Ltd. 114 - 7 - - ICICI Bank Ltd. 10080 9328 1477 1479 0% GR Infraprojects Ltd. 61 - 4 - - Infosys Ltd. 7872 8164 489 516 -5% Housing & Urban Development Corporation 127Ltd. - 280 - - HDFC Bank Ltd. 6341 6371 445 425 5% Zomato Ltd. 244 - 183 - - Larsen & Toubro Ltd. 5714 5625 357 375 -5% NMDC Ltd. 64 1 35 0.4 - NTPC Ltd. 5087 5015 4304 4309 0% ICICI Lombard General Insurance Company Ltd.72 19 5 1 303% Reliance Industries Ltd. 4631 4843 228 229 -1% Adani Enterprises Ltd. 115 38 8 3 223% ITC Ltd. 4217 4385 2058 2163 -5% LIC Housing Finance Ltd. 74 41 18 9 107% Axis Bank Ltd. 4049 4166 571 557 3% Emami Ltd. 590 305 106 54 94% Bharti Airtel Ltd. 3734 3582 665 681 -2% Nippon AMC Nippon AMC Market Value(crs) Shares(lakhs) Market Value(crs) Shares(lakhs) Top 10 Buys Top 10 Holdings Jul-21 Jun-21 Jul-21 Jun-21 %Change Jul-21 Jun-21 Jul-21 Jun-21 %Change Nazara Technologies Ltd. 53 - 3 - - HDFC Bank Ltd. 6704 6999 470 467 1% Zomato Ltd. 400 - 300 - - ICICI Bank Ltd. 6242 6003 915 951 -4% Westlife Development Ltd. 52 10 9 2 360% State Bank Of India 4833 4813 1119 1148 -3% Burger King India Ltd. 63 14 35 9 286% Infosys Ltd. 4070 4369 253 276 -9% Granules India Ltd. 63 20 17 6 183% NTPC Ltd. 3963 4057 3353 3485 -4% Manappuram Finance Ltd. 157 46 76 28 176% Reliance Industries Ltd. 3554 3533 175 167 4% Indraprastha Gas Ltd. 356 174 64 31 105% Axis Bank Ltd. 3189 3278 450 438 3% Retail Equity Research Equity Retail Astec Lifesciences Ltd. 52 27 4 2 86% Power Grid Corp of India Ltd 3100 3140 1811 1801 1% – Bajaj Finserv Ltd. 278 130 2 1 82% Bharti Airtel Ltd. 3000 2627 534 500 7% Tata Motors Ltd. 421 306 143 90 59% Oil & Natural Gas Corporation Ltd. 2845 2986 2468 2537 -3% ICICI Securities Securities ICICI Source: ACE MF, ICICI Direct Research. Note: Stock holding above |50 crore is considered ICICI Securities Ltd. | Retail MF Research 6 AMC wise: Top Buys and Top Holdings UTI AMC UTI AMC Market Value(crs) Shares(lakhs) Market Value(crs) Shares(lakhs) Top 10 Buys Top 10 Holdings Jul-21 Jun-21 Jul-21 Jun-21 %Change Jul-21 Jun-21 Jul-21 Jun-21 %Change Zomato Ltd.