Raymond Stocks Likely To Benefit MF Scheme

Share prices of Raymond went up by 2.31% to Rs. 435.50 reported at BSE at 10.25 a.m. on 28 December 2007 against previous day close of Rs. 425.65.

Birla India Opportunities Fund - B (G) is likely to gain 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. Birla India Opportunities Fund - B (G) was holding 5.50% of its total portfolio size invested in the stocks of the company as on 30 November 2007. The scheme holds 1.08 lakh units of the company in November 2007 compared to its peer groups who have invested in the stocks of the company.

It is followed by Tata Growth Fund - (Bonus) with 1.10 lakh units (3.40% of its portfolio), Birla Midcap Fund (G) with 5.04 lakh units holding (3.22%) as on November 2007.

However, the schemes like, Franklin India Prima Fund - (G) was holding 2.93 lakh units on 31 October 2007, has sold its 2.44 lakh shares reducing its exposure to 49,479 units as on 30 November 2007 and thus less likely to gain. ICICI Pru Discovery Fund (G) was holding 3.98 lakh units on 31 October 2007, has sold its 99066 shares reducing its exposure to 2.99 lakh units as on 30 November 2007 and thus less likely to benefit.