SBI Mutual Fund Sells Stake in Sansera Engineering After 110% Surge
SBI Mutual Fund books partial profit in engineering stock that has surged 110% in one year
Mint
Image: Mint
SBI Mutual Fund, India's largest asset management company, has sold a portion of its stake in Sansera Engineering after the stock surged 110% over the past year. The fund retains a 4.2152% stake in the auto ancillary firm, which has shown remarkable resilience amid market volatility.
- 01SBI Mutual Fund sold 21,421 shares of Sansera Engineering, reducing its stake to 4.2152%.
- 02Sansera Engineering's stock has surged 110% in the past year, reaching a high of ₹2,396.
- 03The fund has gradually reduced its stake by about 2% since October 2024.
- 04Despite market fluctuations, the stock has gained 34% in early 2026.
- 05Sansera Engineering's performance has been strong, with positive returns for three consecutive years.
Advertisement
In-Article Ad
SBI Mutual Fund has partially divested its stake in Sansera Engineering, selling 21,421 shares or 0.0344% of the company's paid-up capital on April 2, 2026. Following this transaction, the fund retains 26,27,423 shares, representing 4.2152% of Sansera's equity. The decision comes after the stock surged 110% over the past year, with a notable increase from ₹1,083 to ₹2,342 between May 2025 and February 2026. The stock has shown resilience, even amidst broader market volatility, and has delivered positive returns for three consecutive years, with 2024 being particularly strong at 46%. Currently, the stock trades 202% above its IPO price of ₹744. Other mutual funds, including DSP Small Cap Fund and Kotak Small Cap Fund, collectively hold a 26.89% stake in Sansera Engineering.
Advertisement
In-Article Ad
Investors may see changes in their portfolio valuations as Sansera Engineering continues to perform well, potentially influencing investment decisions.
Advertisement
In-Article Ad
Reader Poll
Do you think mutual funds should continue to invest in high-growth stocks like Sansera Engineering?
Connecting to poll...
More about SBI Mutual Fund
Read the original article
Visit the source for the complete story.