Share prices of Gujarat Industries Power Company went up by 4.98% to Rs. 98.10 reported at BSE at 11.56 a.m. on 18 February 2008 against previous day close of Rs 93.45.
The rising share prices may have positive impact on NAV of mutual fund schemes, which holds their stake in the company. DWS Tax Saving Fund (G) 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. DWS Tax Saving Fund (G) was holding 2.15% of its total portfolio size invested in the stocks of the company as on 31 January 2008. The scheme holds 1.25 lakh units of the company in January 2008.
Other schemes, which likely to gain includes DWS Investment Opportunity Fund (G) with holding of 1.15 lakh units (1.82% of its portfolio), and UTI-Dividend Yield Fund (G) with 12.82 lakh units holding (1.77%) as on 31 January 2008.
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