India's largest fund makes a 31 crore share bet on Adani

SBI Mutual Fund

India's largest asset manager, SBI Mutual Fund, has made a significant bet on Adani Power, acquiring 310.7 million shares representing a 1.61% stake in the thermal power producer. Valued at approximately ₹6,891 crore based on Adani Power's current share price of ₹221.79, this fresh entry by SBI MF, known for its diversified investment approach, signals growing institutional confidence in the Adani Group company. Adani Power, India's largest private thermal power producer, has seen its stock rise significantly over the past five years.

Quant Mutual Fund

Quant Mutual Fund, known for its high-conviction, data-driven investment approach, has initiated a fresh position in Adani Power, acquiring 19.98 crore shares. This significant purchase, valued at approximately ₹4,431 crore (at a share price of ₹221.79), represents a 1.04% stake in the integrated power utility. The move highlights Quant's tactical active management and its VLRT (Valuation, Liquidity, Risk, and Time) framework, as the fund house has previously demonstrated a willingness to enter and exit Adani Group stocks based on its quantitative models. Adani Power, a major thermal power producer, operates a diversified portfolio of power purchase agreements, providing a stable revenue stream.

SBI Mutual Fund

India's largest asset manager, SBI Mutual Fund, has made a fresh entry into Dodla Dairy, acquiring 5,152,884 shares, representing an 8.54% stake in the Telangana-based integrated dairy company. This significant new position, valued at approximately ₹582.68 crore (based on Dodla Dairy's current share price of ₹1130.80), signals a bullish outlook from the AMC on the consumer defensive sector, particularly a company with strong regional presence and an established brand in milk and value-added dairy products. Dodla Dairy, with a market cap of ₹6,769 crore, reported a sales CAGR of 16.0% and profit CAGR of 16.0% over the last five years. SBI Mutual Fund's move aligns with its reputation for diversified investments and its substantial retail reach, suggesting confidence in Dodla Dairy's growth trajectory within India's expanding dairy market.

Mr. Azim Hasham Premji Partner Representing Prazim Traders

Promoter entity Prazim Traders, represented by Azim Hasham Premji Partner, has reduced its stake in IT major Wipro by selling 12.16 crore shares through a buyback, decreasing its holding from 20.57% to 20.58%. While the filing indicates a disposal, the percentage change suggests a minor increase in relative stake due to the overall share reduction from the buyback. Wipro, a global IT powerhouse, executed the share repurchase as its stock has seen a 5% five-year CAGR decline, signaling the company's efforts to enhance shareholder value.

Mr. Azim Hasham Premji Partner Representing Hasham Traders

Promoter Azim Hasham Premji Partner, representing Hasham Traders, has reduced their stake in Wipro by selling 10,62,79,402 shares. This significant disposal, valued at approximately ₹1,849 crore (based on the current share price of ₹174), occurred as part of Wipro's buyback program. The move saw the promoter's holding decrease from 17.96% to 17.07%, a notable reduction by one of the key founding entities of the IT services giant.