Mastek Loses 7.59% On 24 July 2007

Among the day's top 10 losers, Mastek lost 7.59% on 24 July 2007 as it closed at Rs 282.55 compared to previous close of Rs 305.75 on 23 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 holding of the stock compared to other schemes which have invested in the stock. HSBC Unique Opportunities Fund (G) has 1.31% of its total portfolio size invested in Mastek end June 2007. The scheme holds 3.20 lakh shares of the company.
HSBC Equity Fund (G) is also likely to be hit as the scheme has invested 1.06% of its portfolio with 3.61 lakh shares of the company end June 2007. However, DSP ML Technology.com (G) is likely to gain as it completely exited from the stock in June 2007 compared to 0.84% holding in May 2007.