Among the days top 10 gainers in the A group Ingersoll Rand India gained 12.02% on 31 July 2007 as it closed at 337.40 compared to previous close of 301.20 on 30 July 2007. Gain in the stock prices of the company will benefit various mutual fund schemes, which have invested in the stocks of the company.
UTI MNC Fund (D) 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. UTI MNC Fund (D) has 3.36% share of its portfolio invested in the stocks of the company with 2.18 lakh units in June 2007.
Reliance Tax Saver (ELSS) Fund (G) is also likely to benefit as scheme has invested 1.88% of its portfolio with 10.33 lakh units in the stocks of the company in June 2007. .
However scheme was holding 10.40 lakh units on 31 May 2007 has sold 7366 units as on June 2007 and thus likely to benefit to a limited extent.
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