Jindal Saw Limited

Nippon India Mutual Fund increased its stake in Jindal Saw Limited from 1.24% to 1.25%, raising its shareholding from 7,952,560 to 7,967,316 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.

India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.