Midwest Limited
Axis Mutual Fund increased its stake in Midwest Limited from 1.14% to 1.79%, acquiring 235,782 additional shares. The current market price of Midwest Limited is ₹1150.00 per share, valuing the increased stake at approximately ₹27.11 Cr.
A natural stone exploration and mining company incorporated in 1981, Midwest Limited operates across the full value chain of extraction, processing, marketing, distribution, and export. The company specializes in sourcing and supplying high-quality natural stones for both domestic and international markets. Its vertically integrated business model, spanning from mining operations to finished product distribution and export logistics, distinguishes it within India's basic materials and natural resources sector.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.