Wednesday, July 18, 2007

Siemens Looses 7.67% On 16 July 2007

Among the day’s top 10 losers Siemens lost 7.67% on 16 July 2007 as it closed at 1345.55 compared to previous close of 1457.40 on 16 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.
BOB Balance (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. BOB Balance (G) has 31.56% of its total portfolio size invested in the stocks of the company as on June 2007. The scheme holds 2185 units of the company in June 2007 compared to its peer groups who have invested in the stocks of the company.

BOB LSS’ 97 is also likely to loose as scheme holds 22.13% of its portfolio with 5000 shares of the company as on June 2007.

However the scheme like Tata Tax Saving Fund (G) is likely to gain as it completely exited from the stocks of the company in June 2007 compared to 2.51% in May 2007.

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