On July 8, 2025, SBI Mutual Fund acquired 1,812,760 shares of Elgi Equipments by a bulk deal at a value of Rs 532 per share, indicating robust institutional curiosity within the inventory.
Along with the majority transaction, the corporate submitted its quarterly compliance certificates underneath Regulation 74(5) of the SEBI (Depositories and Members) Rules, 2018. This regulation mandates affirmation of securities dematerialised through the quarter.
In response to the submitting, Elgi Equipments confirmed that every one securities obtained for dematerialisation for the quarter ended June 30, 2025, had been processed by its Registrar and Share Switch Agent, MUFG Intime India Pvt Ltd. The securities had been both accepted or rejected by the depositories, and related updates had been made within the firm’s register of members.
“The safety certificates obtained had been mutilated and cancelled after verification, and the depositories’ names had been substituted because the registered house owners throughout the prescribed timelines,” the corporate said in its submitting.
Whereas the regulatory replace is a routine compliance measure, it assures buyers that Elgi Equipments continues to fulfill SEBI’s procedural necessities.On the technical entrance, the Each day RSI (14) for Elgi Equipments stands at 56.6, indicating impartial to reasonably bullish momentum. (Observe: An RSI beneath 30 suggests the inventory is oversold, whereas a studying above 70 signifies it could be overbought.)Moreover, the inventory is displaying robust bullish momentum throughout shifting averages—it’s presently buying and selling above all 8 key Easy Shifting Averages (SMAs), starting from the 5-day to the 200-day SMA. This alignment of short- and long-term averages reinforces the inventory’s optimistic development and signifies robust underlying help throughout timeframes.
