The BSE Sensex was down by 726.73 points (4.89%) and closed at 14141.52 for the week ended 17 August 2007. In the same week Nifty index was down 225.3 points, to close at 4108.05. Among the week's top 25 gainers in the A group Chambal Fertilizers and Chemicals gained 11.81% in the week ending 17 August 2007 as it closed at 37.40 compared to previous close of 33.45 in the week ending 10 August 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 2.63% share of its portfolio invested in the stocks of the company with 11.50 lakh units as on July 2007.
UTI Dividend Yield Fund- (G) is also likely to benefit as scheme has invested 2.57% of its portfolio with 48.36 lakh units in the stocks of the company as on July 2007.
Bongaigaon Refinery and Petrochemicals was second topper of the week ended on 17 August 2007. With closing price of Rs. 55.80 its stocks closed 8.77% higher than the previous week.
Benchmark Derivative Fund (G) is likely to benefit the most as scheme has 0.37% share of its portfolio with 26400 units in the stocks of the company as on July 2007.
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