The BSE Sensex was down by 270.15 points (1.78%) and closed at 14868.25 for the week ended 10 August 2007. In the same week Nifty index was down by 68.2 points, to close at 4333.35.
Among the week’s top 25 gainers in the A group Dena Bank gained 9.72% in the week ending 10 August 2007 as it closed at 57.55 compared to previous close of 52.45 at the week ending 3 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.
Reliance Banking Fund - Bonus 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. Reliance Banking Fund - Bonus has 5.82% share of its portfolio invested in the stocks of the company with 18.79 lakh units in July 2007.
Kotak Equity Arbitrage Fund (G) is also likely to benefit as scheme has invested 3.23% of its portfolio with 3.30 lakh units in the stocks of the company in July 2007.
Polaris Software Lab was second topper of the week ended on 3 August 2007. With closing price of Rs. 121.20 its stocks closed 9.29% higher than the previous week.
Taurus Discovery Stock is likely to benefit the most as scheme has 3.36% share of its portfolio with 69746 units of the company in July 2007. Franklin Infotech Fund (G) likely to gain next to it as scheme holds 2.33% share of its portfolio with 3.17 lakh units in the company in July 2007.
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