Apollo Tyres gained 2.68 % on 17 August 2007 as it closed at 39.00 compared to previous close of 37.98 on 16 August 2007.The gain in the stock prices of the company will benefit various mutual funds schemes, which have invested in the stocks of the company. JM Equity Fund (G) 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. JM Equity Fund (G) has 8.02% of its total portfolio size invested in the stocks of the company as on July 2007. The scheme holds 1.47 lakh units of the company in July 2007 compared to its peer groups who have invested in the stocks of the company.
JM Small and Mid Cap Fund (G) is also likely to benefit as scheme holds 7.17% of its portfolio with 4.04 lakh units of the company as on July 2007.
However the scheme like UTI Master Value Fund (D) is likely to lose to some extent as scheme sold 2.05 lakh units and holds 6.25 lakh units as on July 2007 as compared to 8.30 lakh units held in June 2007.
The stock gained on account of split of the face value of Company''s equity shares of Rs 10/- each into ten equity shares of Re 1/- each.
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