4 Stocks in which SBI Group bought fresh stakes to add to your watchlist

The State Bank of India (SBI) Group, India’s largest public sector banking and financial services entity, offers a comprehensive range of services. With over 24,000 branches and 58,000 ATMs, SBI serves millions of customers globally, playing a pivotal role in India’s economic Development. 

Here are the stocks in which SBI Group bought fresh stakes up to 2.5%:

1. Granules India 

Granules India Limited operates through its pharmaceuticals products segment. Its geographical segments include within India and outside India. The Company has its presence across the pharmaceutical manufacturing value chain, including active pharmaceutical ingredients (APIs). 

With a market capitalization of Rs 14,063.42 crore, the shares were trading at Rs 579.95 apiece, increasing around 0.09 percent as compared to the previous closing price. 

SBI group bought fresh 56,82,999 equity shares which is equivalent to 2.34 percent of the company as of December 2024. 

The company’s revenue stood at Rs 967 crore in Q2FY25, during the same time frame, net profit stood at Rs 97 crore. 

2. ICRA 

ICRA Limited through its subsidiaries, is involved in providing rating, research, analytics, data, and software services. Its segments include Rating, research and other services; Consulting services; Knowledge services, and Market services. 

With a market capitalization of Rs 5,989.80 crore, the shares were trading at Rs 6,206.25 apiece, decreasing around 0.88 percent as compared to the previous closing price. 

SBI group bought fresh 238,760 equity shares which is equivalent to 1.3 percent of the company as of December 2024. 

The company’s revenue stood at Rs 126 crore in Q2FY25, during the same time frame, net profit stood at Rs 37 crore. 

Also read…..

3. Max Financial Services 

Max Financial Services Limited is an India-based company, which operates as a holding company for Max Life Insurance Company Limited. The Company is engaged in the business of investments and providing management advisory services. The Company’s segments include Life Insurance and Business Investments.

With a market capitalization of Rs 36,613.23 crore, the shares were trading at Rs 1,060.90 apiece, decreasing around 0.11 percent as compared to the previous closing price. 

SBI group bought fresh 4,052,333 equity shares which is equivalent to 1.2 percent of the company as of December 2024. 

The company’s revenue stood at Rs 13,372 crore in Q2FY25, during the same time frame, net profit stood at Rs 139 crore. 

4. PI Industries 

Pl Industries Limited operates through two segments: Agro chemicals, and Pharma. The Agrochemicals segment includes Agchem exports (CSM) and Domestic Agri Brands. The Pharma segment comprises contract research and development, contract development, and manufacturing of active. 

With a market capitalization of Rs 52,863.14 crore, the shares were trading at Rs 3,484.30 apiece, increasing around 0.08 percent as compared to the previous closing price. 

SBI group bought fresh 1,639,449 equity shares which is equivalent to 1.1 percent of the company as of December 2024. 

The company’s revenue stood at Rs 2,221 crore in Q2FY25, during the same time frame, net profit stood at Rs 508 crore. 

Written by Abhishek Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 4 Stocks in which SBI Group bought fresh stakes to add to your watchlist appeared first on Trade Brains.