Solar Industries India Limited
SBI Mutual Fund increased its stake in Solar Industries India from 3.59% to 3.63%, buying 34,622 shares. The additional shares are worth ₹62.91 crore at a price of ₹18156.00 apiece.
One of India's largest manufacturers of explosives and detonators, Solar Industries produces bulk and cartridge explosives, detonating cords, and related components serving the mining, infrastructure, and construction sectors. The company also manufactures high-energy explosives, delivery systems, ammunition filling, and pyrotechnic fuses for defence applications. It operates across both civilian and military markets with a comprehensive range of explosive products and specialized systems.
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.