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Monday, December 24, 2007
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MutualFund News
Dec 19 2007 11:16AM
Nicholas Piramal India stocks likely to benefit MF scheme
Share prices of Nicholas Piramal India went up by 2.39% to Rs. 376.95 reported at BSE at 10.07 a.m. on 19 December 2007 against previous day close of Rs. 368.15.

Franklin Pharma Fund - (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. Franklin Pharma Fund - (G) 10.68% of its total portfolio size invested in the stocks of the company as on 30 November 2007. The scheme holds 1.56 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 Life Science & Technology Fund - (G) with 1.07 lakh units (6.01% of its portfolio), Canara Robeco Emerging Equities (G) with 25,000 units holding (4.17%) as on November 2007.

Only one mutual fund scheme exited from Nicholas Piramal India in November 2007. ICICI Pru Fusion Fund - Series II (G) was holding 1.83 lakh units on 31 October 2007, has sold all its shares as on 30 November 2007 and thus less likely to gain. UTI-Mastershare (D) also holding 5.50 lakh units on 31 October 2007, has sold its 4.00 lakh shares to 1.50 lakh units as on 30 November 2007 and thus less likely to benefit.

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