SBI Mutual Fund Steps Up Buying in Elgi Equipments and ASK Automotive as Bulk Deals Dominate Trade

Mumbai, November 26: SBI Mutual Funds have made fresh investments in Elgi Equipments and ASK Automotive. The investment by SBI Mutual Fund was part of its strategy to increase its stake in companies based on their long-term growth potential. Furthermore, there were other bulk deals that happened through open-market transactions.

Investment Details for Elgi Equipments

SBI Mutual Fund bought 55.6 lakh shares of Elgi Equipments, which is equal to 1.75% of the company’s paid-up equity. The shares were bought at ₹483 per share, with a total value of ₹268.64 crore. This comes after the fund house already held 4.28% in the company as of September 2025.

Investment Details for ASK Automotive

In ASK Automotive, SBI Mutual Fund purchased 78.61 lakh shares, which is equal to 3.98% of the company’s paid-up equity. The shares were bought at ₹473 per share, with a total value of ₹371.86 crore. On the other hand, the company’s promoter, Kuldip Singh Rathee sold 78.85 lakh shares (4% stake) for ₹373 crore.

Details About Other Bulk Deals

Apart from investment activity by SBI Mutual funds, some other stocks also saw bulk deal activities. Healthcare major Narayana Hrudayalaya saw its promoter, Shakuntala Shetty sell 11.77 lakh shares (0.57% stake) for ₹230.7 crore at ₹1,960.07 per share.

In AWL Agri Business, formerly Adani Wilmar, AustralianSuper acquired 94.85 lakh shares (0.72% stake) for ₹260.8 crore at ₹274.95 per share.

Dubai-based Green Enterprises Investment Holding RSC, a subsidiary of IHC Capital Holding, sold 13.5 lakh rights shares of Adani Enterprises for ₹72.77 crore at ₹539.07 per share.

In AAA Technologies, promoter Anjay Ratanlal Agarwal sold 69,679 shares at ₹89.64 per share, amounting to ₹62.46 lakh. However, M7 Global Fund PCC – Cell Dewcap Fund purchased 1,04,470 shares at ₹89.43 per share, valued at ₹93.4 lakh.

Investor Takeaway: Why Bulk Deals Matter?

With large institutions like SBI Mutual Funds buying fresh stakes in companies, it signals confidence in the companies’ long-term growth potential. Such investments usually result in more buying by retail investors as they follow the investments by big fund houses such as SBI Mutual Fund. On the other hand, promoters selling shares generally lowers the sentiments of retail investors. Investors can track such bulk deals to adjust their current holdings or make fresh buying after due research.

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