Tuesday, January 29, 2008

Ingersoll Rand India Stocks Likely To Benefit MF Scheme

Share prices of Ingersoll Rand India gain by 2.33% to Rs. 336.00 reported at BSE at 10.32 a.m. on 29 January 2008 against previous day close of Rs 328.35.

The rising share prices may have positive impact on NAV of mutual fund schemes, which holds their stake in the company. UTI-MNC Fund (D) is likely to gain most as it has the highest percentage holding of the stocks of the company compared to its peer groups who have invested in the stocks of the company. UTI-MNC Fund (D) was holding 4.34% of its total portfolio size invested in the stocks of the company as on 31 December 2007. The scheme holds 2.18 lakh units of the company in December 2007.

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