SBI Mutual Fund Buys Stakes: Nearly 2% in Elgi Equipments, 4% in ASK Automotive

SBI Mutual Fund made fresh market purchases on November 25, 2025, adding shares of Elgi Equipments and ASK Automotive through bulk deals. The fund bought close to 2% of Elgi Equipments and nearly 4% of ASK Automotive’s equity during the trading session. 

Portfolio Size and Recent Value 

Data from Trendlyne shows SBI Mutual Fund publicly holds 46 stocks valued at over ₹3,01,081 crore. The portfolio value went up by 8.5% in the September quarter of FY26 and stood at around ₹3,02,164.94 crore. These changes reflect the latest reported holdings for the period. 

Almost 4% Stake Bought in ASK Automotive 

Bulk deal numbers indicate that about 4% of ASK Automotive’s shares changed hands between the promoter and SBI Mutual Fund. The fund bought 78.61 lakh shares, or 3.98% of the paid-up equity, at ₹473 per share, worth ₹371.86 crore. Promoter Kuldip Singh Rathee sold 78.85 lakh shares, a 4% stake, for ₹373 crore. 

In Q2 FY26, the company reported consolidated operating revenue of ₹1,059 crore, an 8.5% increase from ₹976 crore last year. Profit after tax stood at ₹80 crore, up 18.6% from ₹67 crore. 

SBI Mutual Fund Lifts its Holding in Elgi Equipments 

The fund house also acquired 55.6 lakh shares of Elgi Equipments, equal to 1.75% of the company’s paid-up equity. The purchase was made at ₹483 per share, amounting to ₹268.64 crore. As of September 2025, SBI Mutual Fund already held 4.28% in the air compressor manufacturer. 

For Q2 FY26, the company reported net profit of ₹118 crore, up 27.7% year-on-year, with net sales rising 11.4% to ₹968 crore. 

Read More: Wealth Company Mutual Fund Received SEBI Approval to Launch SIF! 

Conclusion 

SBI Mutual Fund added new positions to both companies through open-market deals, extending its holdings in the manufacturing and automotive segments. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Mutual Investments are subject to market risks, read all the related documents carefully before investing.