New Delhi, Feb. 27 -- Nippon India Mutual Fund, through its various schemes, has raised its stake in small-cap stock priced below Rs.1,000 - ISGEC Heavy Engineering - as per an exchange filing.

Nippon Life India Trustee Limited A/c through various schemes of Nippon India Mutual Fund bought 8,32,923 shares, representing a 1.13% stake, of ISGEC Heavy Engineering. With this, the mutual fund house now owned 43,85,591 shares of the company, amounting to a 5.96% stake.

At the end of the December 2024 quarter, Nippon India Mutual Fund held 35,53,688 shares of the small-cap company, representing a 4.83% stake. The stake purchased by the fund house was via open market transactions.

Apart from Nippon India, other big fund houses like UTI Mutual ...