Tata Mutual Funds managed by Tata Asset Management Limited is a prominent asset management company in India, that offers a range of investment options to investors through mutual funds to invest in equity, debt, hybrid, and other financial instruments tailored to different risk appetites and financial goals.
Listed below are four stocks in which Tata Mutual Fund has made a fresh position in Q2FY25, worth ~Rs. 660 Crores.
Netweb Technologies India
Netweb Technologies Limited is engaged in offering product and solution suite in designing, developing, implementing and integrating high performance computing solutions. It involves developing homegrown compute and storage technologies, and deployingg supercomputing infrastructure.
With a market capitalization of Rs. 14,662 Crores, the shares of Netweb Technologies India Limited were trading at Rs. 2,601.50 per equity share, up 0.25 percent from its previous day’s close price of Rs. 2,595.05.
Tata Mutual Fund made a fresh position in Netweb Technologies India Limited in Q2FY25 by purchasing a 1.58 percent stake or 8.88 Lakh equity shares.
Its Revenue from operations grew by 149 percent from Rs. 59.8 Crores in Q1FY24 to Rs. 149.32 Crores in Q1FY25, accompanied by profits of Rs. 5.09 Crores to Rs. 15.44 Crores.
Arvind Fashions Limited is a fashion apparel company primarily engaged in the business of marketing and distribution of branded apparel and accessories, operating in the branded apparel, beauty, and footwear space. Its portfolio of owned and licensed international brands, includes US Polo, Arrow, Flying Machine, Tommy Hilfiger, Calvin Klein, Sephora, and others.
With a market capitalization of Rs. 8,235 Crores, the shares of Arvind Fashions Limited were trading at Rs. 618.20 per equity share, down 0.62 percent from its previous day’s close price of Rs. 622.05.
Tata Mutual Fund made a fresh position in Arvind Fashions Limited in Q2FY25 by purchasing a 1.07 percent stake consisting of 14.31 Lakh equity shares.
Its Revenue from operations declined by 0.24 percent from Rs. 957.16 Crores in Q1FY24 to Rs. 954.84 Crores in Q1FY25, accompanied by a loss of Rs. 4.53 Crores to a profit of Rs. 13.92 Crores.
Pricol
Pricol Limited is an automotive technology and precision-engineered solutions company engaged in the business of manufacturing, marketing, and selling of driver information systems and connected vehicle solutions, and actuation, control, fluid management systems, instrument clusters, and other allied automobile components to OEMs and many others.
With a market capitalization of Rs. 5,742 Crores, the shares of Pricol Limited were trading at Rs. 471.10 per equity share, down 0.74 percent from its previous day’s close price of Rs. 474.60.
Tata Mutual Fund made a fresh position in Pricol Limited in Q2FY25 by purchasing a 2.74 percent stake consisting of 33.39 Lakh equity shares.
Its Revenue from operations grew by 15.40 percent from Rs. 537 Crores in Q1FY24 to Rs. 620 Crores in Q1FY25, accompanied by profits of Rs. 32 Crores to Rs. 46 Crores.
Craftsman Automation is a precision components manufacturer, it is engaged in designing, developing, and manufacturing of engineering products using its state-of-the-art engineering technology and efficient manpower.
With a market capitalization of Rs. 14,708 Crores, the shares of Craftsman Automation Limited were trading at Rs. 6,615.75 per equity share, up 0.45 percent from its previous day’s close price of Rs. 6,138.15.
Tata Mutual Fund made a fresh position in Craftsman Automation Limited in Q2FY25 by purchasing a 1.23 percent stake consisting of 2.92 Lakh equity shares.
Its Revenue from operations grew by 11 percent from Rs. 1,038 Crores in Q1FY24 to Rs. 1,151 Crores in Q1FY25, accompanied by profits of Rs. 81 Crores to Rs. 59 Crores.
Written by: Bharath K.S
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