Jindal Saw Limited

HSBC Mutual Fund decreased its stake in Jindal Saw Limited from 1.96% to 1.92%, selling 252,333 shares.

A leading manufacturer of steel pipes and pellets, Jindal Saw produces LSAW pipes, HSAW pipes, DI pipes, and seamless pipes for infrastructure, oil and gas, and water distribution sectors. The company operates integrated production facilities across multiple locations and serves both domestic and international markets with consistent quality. Its vertically integrated operations, manufacturing expertise, and focus on product quality distinguish it in the competitive steel pipes industry.

Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.