Ajax Engineering Limited
SBI Mutual Fund decreased its stake in Ajax Engineering Limited from 4.54% to 4.35%, selling 2,18,909 shares.
A manufacturer of concrete equipment and machinery, Ajax Engineering designs and produces a comprehensive range of products for the construction sector. Founded in 1992, the company operates across the entire value chain of concrete equipment, serving builders and construction firms throughout India. Its portfolio includes concrete mixers, pumps, and related machinery for concrete handling, placement, and processing. The company provides both equipment and associated services to support construction operations.
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.