Neyveli Takes A Lead

Among the days top 10 gainers in the A group Neyveli Lignite gained 17.09% on 19 July 2007 as it closed at 78.45 compared to previous close of 67.00 on 18 July 2007. The stock rose on the eve of its Q1 June 2007 results which are due today on 20 July 2007. This gain in the stock prices of the company will benefit various mutual fund schemes, which have invested in the stocks of the company.
Tata Dividend Yield 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. Tata Dividend Yield Fund (G) has 3.36% share of its portfolio invested in the stocks of the company with 8.30 lakh units in June 2007.

Kotak Equity Arbitrage Fund (G) is also likely to benefit as scheme has invested 1.68% of its portfolio with 88500 units in the stocks of the company in June 2007. However, scheme sold 0.59% of its portfolio as on June 2007.

Taurus Discovery stock is also likely to loose as scheme sold 0.28% of its portfolio as on June 2007 compared to 0.36% in May 2007 followed by J.M. Arbitrage Advantage Fund (G) (0.1%) as on June 2007.