Share prices of Hindustan Petroleum Corporation went up by 4.00% to Rs. 309.50 reported at BSE at 10.33 a.m. on 15 February 2008 against previous day close of Rs 297.60.
The rising share prices may have positive impact on NAV of mutual fund schemes, which holds their stake in the company. Lotus India Equity 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. Lotus India Equity Fund (G) was holding 7.32% of its total portfolio size invested in the stocks of the company as on 31 January 2008. The scheme holds 2.93 lakh units of the company in January 2008.
Other schemes, which likely to gain includes Lotus India Contra Fund (G) with 1.83 lakh units holding (7.00% of its portfolio), and ABN AMRO Dividend Yield Fund (G) with 27732 units holding (5.36%) as on 31 January 2008.
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