Mastek Looses 7.71% On 19 July 2007

Among the day’s top 10 losers Mastek lost 7.71% on 19 July 2007 as it closed at 326.35 compared to previous close of 353.60 on 18 July 2007. This loss in the stock prices of the company will detriment various mutual fund schemes, which have invested in the stocks of the company.
HSBC Unique Opportunities 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 Unique Opportunities Fund (G) has 1.31% of its total portfolio size invested in the stocks of the company as on June 2007. The scheme holds 3.20 lakh units of the company in June 2007 compared to its peer groups who have invested in the stocks of the company.

HSBC Equity Fund (G) is also likely to loose as scheme holds 1.06% of its portfolio with 3.61 lakh units of the company as on June 2007.

However the scheme like DSP ML Technology.com (G) is likely to gain as it completely exited from the stocks of the company in June 2007 compared to 0.84% in May 2007.