Castrol India Takes A Lead

Among the days top 10 gainers in the A group Castrol India gained 11.03% on 24 July 2007 as it closed at 280.35 compared to previous close of 252.50 on 23 July 2007.Castrol India declared its Q2 results on 24 July 2007. Company posted a net profit after tax of Rs. 65.93 crore for the quarter ended June 2007as compared to Rs. 50.31 crore for the quarter ended June 30, 2006. Gain in the stock prices of the company will benefit various mutual fund schemes, which have invested in the stocks of the company.

Kotak MNC is likely to benefit the most as it has the highest percentage hold of the stocks of the company compared to its peer groups who have invested in the stocks of the company. Kotak MNC has 4.26% share of its portfolio invested in the stocks of the company with 80000 units in June 2007. Principal Dividend Yield Fund (G) is also likely to benefit as scheme has invested 3.20% of its portfolio with 1.66 lakh units in the stocks of the company in June 2007. ABN Amro Dividend Yield Fund (G) was holding 49198 units on 31 May 2007 has sold 29319 units as on June 2007 and thus likely to benefit to limited extent.