Elgi Equipments jumps after SBI MF hikes stake
Elgi Equipments surged 5.95% to Rs 565.95 after SBI Mutual Fund acquired 18.12 lakh shares in a bulk deal on Tuesday, 8 July 2025.
The transaction, executed on the BSE at Rs 532 per share, represents a 0.57% stake in the company.This fresh investment adds to SBI Small Cap Fund's existing holding of 3.22% in Elgi Equipments, as per the shareholding pattern disclosed for March 2025.
Elgi Equipments is a leading manufacturer of air compressors. On a consolidated basis, net profit of Elgi Equipments rose 33.79% to Rs 102 crore while net sales rose 14.66% to Rs 992.90 crore in Q4 March 2025 over Q4 March 2024.
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