Elgi Equipments shares were in focus on Wednesday, November 26, trading 2.50% higher at Rs 492.50 after SBI Mutual Fund acquired nearly 2 percent equity stake in the company through open market transactions conducted on November 25.
According to the transaction details, SBI Mutual Fund purchased 55.6 lakh shares, representing 1.75 percent of Elgi Equipments’ paid-up equity, for a total consideration of Rs 268.64 crore. The fund house bought the shares at Rs 483 apiece.
As of September 2025, SBI Mutual Fund already held 4.28 percent stake in the company. Despite the substantial buying interest on Monday, Elgi Equipments had closed 3.1 percent lower at Rs 480.5, touching the lower Bollinger band on the NSE.
ASK Automotive also sees buying interest
SBI Mutual Fund also acquired 4 percent shares in auto components manufacturer ASK Automotive on November 25. However, the stock closed 0.01 percent lower at Rs 476.6, after falling 3.7 percent from the day’s high, indicating selling pressure despite institutional buying.
