Among the day''s top 10 losers Asahi India Glass lost 3.56% on 8 August 2007 as it closed at 106.85 compared to previous close of 110.80 on 7 August 2007. This loss in the stock prices of the bank will detriment various mutual fund schemes, which have invested in the stocks of the bank.
HSBC Midcap Equity Fund (G) is likely to lose 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. HSBC Midcap Equity Fund (G) has 2.03% of its total portfolio size invested in the stocks of the company as on July 2007. The scheme holds 5.94 lakh units of the company in July 2007 compared to its peer groups who have invested in the stocks of the company.
Reliance Tax Saver (ELSS) Fund (G) is also likely to loose as scheme holds 1.22% of its portfolio with 21.64 lakh units of the company as on July 2007. However the scheme like Kotak Emerging Equity Fund (G) is likely to gain as scheme sold all its shares as on July 2007.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment