The trend you’re describing involves a period of significant uptrend in domestic benchmark indices, with many stocks reaching or trading near their all-time highs. Despite the overall positive market sentiment, Portfolio Management Services (PMS) managers have made strategic decisions to sell certain midcap stocks. The reasons for these sales, as you’ve outlined, include stocks reaching in-house target prices, an unfavorable change in the underlying investment thesis, or the identification of better opportunities with higher potential upside.
The decision-making process for PMS managers is complex and involves a careful evaluation of market conditions, individual stock performance, and changes in the investment landscape. Selling stocks that have reached target prices or no longer align with the investment thesis reflects a disciplined approach to portfolio management.
For investors or individuals tracking these trends, it’s important to stay informed about the specific reasons behind the decisions made by PMS managers. This information can provide insights into their outlook on individual stocks, sectors, and the overall market.
Tube Investments of India : It appears that Tube Investments of India was exited by multiple Portfolio Management Services (PMS) strategies in August, with at least 7 strategies reported to have exited the stock during that period. Two examples of PMS strategies that sold Tube Investments of India in August include TATA – Emerging Opportunities and Motilal Oswal – VALUE.
Cummins India: It appears that Cummins India witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 6 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Cummins India in August include Bonanza – Growth and QED Capital – Alphabets.
Info Edge (India): It’s noted that Info Edge (India) witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 4 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Info Edge (India) in August include True-Equity Factor Quant and ICICI Prudential – ACE Portfolio.
Persistent Systems: It appears that Persistent Systems experienced exits from several Portfolio Management Services (PMS) strategies in August, with at least 3 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Persistent Systems in August include True-Equity Factor Quant and QED Capital – Alphabets. The decision to exit a stock can be influenced by various factors, including changes in the company’s performance, market conditions, or a reassessment of the stock’s potential by the fund manager
Astral: It’s noted that Astral experienced exits from several Portfolio Management Services (PMS) strategies in August, with at least 3 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Astral in August include MOAT – UpperCrust Wealth Fund and Composite India – Emerging Star Fund.
Timken India: It’s noted that Timken India witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 3 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Timken India in August include Hanut – Fundamental Quant and Green Portfolio – Special. The decision to exit a stock can be influenced by a range of factors, including changes in the company’s performance, market conditions, or the fund manager’s reassessment of the stock’s potential.
Abbott India: It’s reported that Abbott India experienced exits from several Portfolio Management Services (PMS) strategies in August, with at least 3 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Abbott India in August include Accuracap – Alphagen and Motilal Oswal – Multifactor Equity PMS.
Sundram Fasteners: It’s noted that Sundram Fasteners witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 3 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Sundram Fasteners in August include Microsec – Opportunities Fund and Hanut – Fundamental Quant.
AIA Engineering: It’s reported that AIA Engineering witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 3 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold AIA Engineering in August include NJ – Multicap and Samvitti-PMS Active Alpha Multicap.
Hindustan Petroleum Corporation: It’s reported that Hindustan Petroleum Corporation Limited (HPCL) experienced exits from several Portfolio Management Services (PMS) strategies in August, with at least 3 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Hindustan Petroleum Corporation in August include 360 One – Phoenix PMS and 360 One – Multicap PMS.
IDFC First Bank: It’s reported that IDFC First Bank witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 2 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold IDFC First Bank in August include Chanakya Capital – Chanakya PMS and MOAT – Aggressive Leaders Fund.
P I Industries: It’s reported that P I Industries witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 2 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold P I Industries in August include TATA – ACT and TATA – Enterprising India Investment.
Syngene International: It’s noted that Syngene International experienced exits from several Portfolio Management Services (PMS) strategies in August, with at least 2 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Syngene International in August include Concept Investwell – Dynamic and Geojit – Dakshin Portfolio.
Tata Elxsi:It’s reported that Tata Elxsi witnessed exits from several Portfolio Management Services (PMS) strategies in August, with at least 2 strategies reported to have exited the stock during that period. Examples of PMS strategies that sold Tata Elxsi in August include Jainam Share Consultant – Bharat 5T and True-Equity Factor Quant.
