Is Reliance Industries over-owned?: Moneycontrol.com

Is Reliance Industries over-owned?

Reliance has slipped below THE 2,000 mark for the first time since September 12, 2007. It fell 38.5% from its all-time high of Rs 3252.
What could be the key trigger for this event? Is RIL overowned? On a relative basis, Reliance Industries is held by 253 mutual fund schemes, while BHEL amounts to 207, Bharti Airtel is held by 197 MF schemes as is ICICI while L&T is at 190.
With Reliance MFs hold 2.72% stake in the company, out of which 137 schemes have more than 5% exposure and 26 schemes have exposure of more than 10%.
MAXIMUM EXPOSURE TO RIL
Fund Name Net Asset (%) Invst (Rs Cr)
ICICI Prudential 9.16 408.60
Rel Div Power 5.68 313.00
Rel Natural Resources 5.15 280.21
DSPML T.I.G.E.R. 6.56 264.91
Morgan Stanley Growth 7.95 263.63
Fidelity Equity 7.36 223.80
Reliance Equity 8.22 214.63
Sundaram Energy 9.45 211.28
Reliance Vision 5.52 206.95
ICICI Pru Dynamic 12.24 204.30

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Other MC stories:
Nifty ends below 4300; CG, power, realty...
Markets Snapshot
Markets slide on back of weak global cues from US market, rising crude prices
Nifty closes below 4,300 for 1st time since Aug 24, '07
Sensex ends down 278 pts at 14293.3; recovers nearly 130 pts from days low
Nifty ends down 81 pts at 4266.4; recovers nearly 40 pts from days low
Nifty takes support at 4225; faces resistance at 4320 during the day
Sell-off witnessed in broader marets; CNX Midcap Index down 4%,
BSE Small-cap Index down 3.5%
RIL ends down down 3.5% at 2025.7; slips below 2000 during the day
Cap Goods under pressure; index down 5.3%; L&T down 6.5%, ABB down 4%, BHEL down 3.2%
Index losers; HIndalco down 8%, Unitech down 7.2%, Tata Comm down 6.8%, Suzlon down 6.5%
Index gainers; ONGC, HDFC up nearly 2%, HCL Tech up 1.5%, Wipro, Infy, Satyam up nearly 1%
Losers; GHCL down 10%, BOI down 9.3%, Rel Cap down 9%, Ibulls Fin down 8%, JP Associates down 7.5%
NSE Advanve Decline at 1:10
Total market turnover at Rs 83165 cr Vs Rs 85088 cr on Friday
F&O turnover at Rs 66917 cr Vs Rs 58533 cr on Friday.
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Stocks at life-time low
Equity CMP Issue Price 52-week high
DLF 450 525 1225
Omaxe 155 310 612
Parsvnath 143.7 300 598
Sobha 330 640 1179
Brigade Ent 145 390 490
Kolte Patil 69.5 145 272

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Others stocks hittng life-time low
CBI Rel Power BPCL HPCL SpiceJet Indiabulls Sec Power Grid

F&O Snapshot
Nifty rollover at 27%, Market wide rollovber at 24%
Short covering seen on Nifty futures when index approached 4200
Nifty june futures ends at mild prem; July futures at 18 pts discount
Fresh short buildup seen in bank nifty and across most banking counters
4200 July Put add around 25% in OI; 4300 call seen most active in July series

F&O Stocks
RPL down 1.5%; add 51.5 lakh shares in OI
IFCI down 7.1%; add 49 lakh shares in July series
Suzlon down 5.7%; add 29 lakh shares in July series
JP Associates down 8.5%; add 29 lakh shares in July series
Unitech down 6.2%; add 22.5 lakh shares in July series
Ispat down 3.9%; add 45.5 lakh shares in OI
SAIL down 4%; add 20 lakh shares in OI

Rollover
Ultratech: 70% India Cement: 59% Grasim: 48%
Parsvnath: 40% HDFC Bank: 35% NTPC: 34%
DLF: 33% Unitech: 30%
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