Mutual funds holding shares of J Kumar Infraprojects were caught on the wrong foot after the company was included in Grade Surveillance Measure -Grade VI by the exchanges with immediate effect. As a result of this, there was no trading in the shares of the company on Tuesday. J Kumar shares, which were last traded on Monday, were at Rs 283.65 on the BSE.
As per data from Value Research, fund houses including HDFC MF, Birla Sunlife MF, IDFC MF, UTI MF and DSP MF collectively hold shares of J Kumar worth Rs 255 crore through their mid-cap schemes and infrastructure funds, as on June 30, 2017. UTI Midcap, Reliance Small Cap, DSP Blackrock TIGER, HDFC Balanced and HDFC Capital Builder are the top five schemes holding the stock in their portfolios.
