HDFC Mutual Fund bought 4,252 shares of Titagarh Rail Systems, raising its stake from 3.84% to 3.85%.
A manufacturer of railway equipment serving domestic and export markets, Titagarh Rail produces freight wagons, passenger coaches, metro trains, and train electrical systems. The company also manufactures steel castings, specialized equipment, bridges, and ships. Its diversified portfolio across rail infrastructure and transport solutions positions it as a vertically integrated player in India's railway manufacturing sector since its incorporation in 1997.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
