Mishra Dhatu Nigam Limited
Nippon India Mutual Fund decreased its stake in Mishra Datu Nigam Limited from 2.02% to 1.73%, selling 537,731 shares.
A specialised metallurgical manufacturer based in Hyderabad, Mishra Dhatu Nigam produces superalloys, titanium, special purpose steels, and other advanced metals for defence and aerospace applications. Established in 1973 as a Government of India enterprise under the Ministry of Defence, the company remains majority state-owned. It supplies critical materials to infrastructure and strategic sectors requiring high-performance metal solutions.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.