RHI Magnesita India Limited
Axis Mutual Fund trimmed its stake in RHI Magnesita India Limited from 2.44% to 2.37%, selling 141,034 shares. The value of the remaining stake is ₹20.15 Cr at a share price of ₹413.20.
A manufacturer of special refractory products, systems and services for the steel industry in India and globally. The company produces high-quality refractories designed for steelmaking processes and serves major steel producers across domestic and international markets. It holds a leading position in India's special refractories segment and is known for delivering products that meet international quality standards.
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.