SBI Mutual Fund is one of India’s largest and most trusted asset management companies, known for its strong track record and wide range of investment products. Backed by the SBI Group, it focuses on disciplined management, investor-first principles, and long-term wealth creation across equity, debt, hybrid, and solution-oriented funds.
Here are the stocks in which SBI Mutual Fund bought a stake in the company
Elgi Equipments
Elgi Equipments is a leading global manufacturer of air compressors, known for its wide portfolio spanning oil-lubricated, oil-free, and portable systems. With a presence in over 120 countries, the company focuses on innovation, energy efficiency, and reliable performance, serving industries such as manufacturing, textiles, automotive, and pharmaceuticals.
With a market capitalisation of Rs 15,725.03 crore, the shares were trading at Rs 496.20 per share, increasing around 3.45 percent as compared to the previous closing price.
SBI Mutual Fund has bought an additional 55.6 lakh equity shares in Elgi Equipments, the air compressors manufacturer, which is equivalent to 1.75 percent of paid-up equity, and picked up shares for Rs 483 per share. The transaction is valued at Rs 268.64 crore. The mutual fund house, which already holds 1,35,72,461 equity shares is equivalent to a 4.28 percent stake in the company as of September 2025.
ASK Automotive
ASK Automotive Ltd is one of India’s largest manufacturers of friction products, including brake shoes, pads, and safety-critical components for two-wheelers and passenger vehicles. With strong OEM relationships, advanced R&D, and diversified product capabilities, the company supports major automotive brands and continues expanding its presence in both domestic and export markets.
With a market capitalisation of Rs 9,686.60 crore, the shares were trading at Rs 491.35 per share, increasing around 3.45 percent as compared to the previous closing price.
SBI Mutual Fund has purchased 78.61 lakh shares in ASK, which is equivalent to 3.98 percent of the paid-up equity, at an average of Rs 473 apiece, the transaction valued at Rs 371.86 crore. However, promoter Kuldip Singh Rathee has offloaded 78.85 lakh shares, representing a 4 percent stake, for Rs 373 crore. As of September 2025, Kuldip Singh Rathee holds 6,73,89,312 equity shares, which is equivalent to a 34.18 percent stake in the company
Written by Abhishek Singh
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