Larsen & Toubro Limited
SBI Mutual Fund increased its stake in Larsen & Toubro from 4.54% to 4.69%, buying 21,09,544 shares. The value of this increased stake is approximately ₹862.6 Cr at a share price of ₹4090.00.
A multinational conglomerate providing engineering, procurement, and construction solutions across infrastructure, hydrocarbon, power, process industries, and defence sectors in domestic and international markets. The company delivers integrated project execution capabilities and maintains significant operations in information technology and financial services. Larsen & Toubro serves clients globally with comprehensive technical expertise and execution capabilities across multiple industrial verticals.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.