Thursday, February 14, 2008

Thermax Stocks Likely To Benefit MF Scheme

Share prices of Thermax went up by 5.24% to Rs. 667.00 reported at BSE at 11.04 a.m. on 14 February 2008 against previous day close of Rs 633.80.

The rising share prices may have positive impact on NAV of mutual fund schemes, which holds their stake in the company. Canara Robeco Emerging Equities (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. Canara Robeco Emerging Equities (G) was holding 7.60% of its total portfolio size invested in the stocks of the company as on 31 January 2008. The scheme holds 20000 units of the company in January 2008.

Other schemes, which likely to gain includes Canara Robeco Equity Diversified (Bonus) with 95000 units holding (5.73% of its portfolio), and Magnum Multiplier Plus 93 (G) with 9.77 lakh units holding (5.44%) as on 31 January 2008.

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