Bharat Heavy Electricals Limited

Axis Mutual Fund increased its stake in Bharat Heavy Electricals Limited from 1.06% to 1.07%, acquiring 436,921 shares. The value of this additional stake is approximately ₹17.98 Cr, calculated at a share price of ₹411.40.

An integrated power plant equipment manufacturer, Bharat Heavy Electricals designs, engineers, and manufactures a wide range of equipment for power generation, transmission, industry, transportation, renewable energy, oil and gas, and defence sectors. As India's flagship government-owned engineering and manufacturing company, it provides comprehensive services including erection, testing, commissioning, and long-term maintenance across its diverse product portfolio serving critical infrastructure development.

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.