Housing Federal Bank Loses 3.36% On 7 August 2007

Among the day's top 10 losers Housing Federal Bank lost 3.36% on 7 August 2007 as it closed at 350.90 compared to previous close of 363.10 on 6 August 2007. This loss in the stock prices of the bank will detriment various mutual fund schemes, which have invested in the stocks of the bank. Reliance Banking Fund (Bonus) is likely to lose as it has the highest percentage hold of the stocks of the bank compared to its peer groups who have invested in the stocks of the bank. Reliance Banking Fund (Bonus) has 7.10% of its total portfolio size invested in the stocks of the bank as on July 2007. The scheme holds 3.49 lakh units of the bank in July 2007 compared to its peer groups who have invested in the stocks of the bank.

Birla Taxplan' 98 is also likely to lose as scheme holds 4.74% of its portfolio with 10000 units of the bank as on July 2007. However, the scheme like Birla Sun Life Frontline Equity Fund (G) is likely to gain as scheme sold all its shares as on July 2007.