Kennametal India Limited
SBI Mutual Fund decreased its stake in Kennametal India Limited from 3.04% to 2.77% by selling 60,000 shares. The value of the shares sold is ₹16.78 Cr at ₹2798.00 apiece.
A manufacturer of carbide tools and special-purpose machines serving the automotive, defense, railways, infrastructure, and general engineering sectors across India. Incorporated in 1938, the company operates as a 75% subsidiary of Kennametal Inc, a global industrial products leader. Its state-of-the-art manufacturing facility in Bengaluru produces precision cutting tools and specialized equipment designed for diverse and demanding industrial applications.
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.