Metal stock hits upper circuit as Mauritius-based FII 3 Sigma Fund buys stake | Stock Market News

Metal stock Azad India Mobility shares hit the upper circuit on Monday, March 17, as Mauritius-based foreign institutional investor (FII) 3 Sigma Global Fund purchased a stake in the company, according to an exchange filing. 

According to BSE data, 3 Sigma Global Fund acquired a 2.20 per cent voting stake, or 7,51,200 equity shares, in the metal stock, and as of March 17, its total voting shares stood at 21.99 per cent of the company.

The filing also showed that after the acquisition move, the company had a total of 75,00,000 or 75 lakh equity shares, which represents 21.99 per cent in the metal stock.

As of March 17, the total share capital of Azad India Mobility is at ₹34,11,00,750 or 34.11 crore which is divided into 3.41 crore equity shares with the face value of ₹10 per share.

Azad India Mobility Share Price

Azad India Mobility shares hit the upper circuit on Monday’s trading session. The stock gained 5 per cent to ₹112.35, compared to ₹107 at the previous stock market close. The share acquisition was announced during the afternoon session of the Indian stock market.

Shares hit the upper price band of ₹112.35, as the company has a price tolerance band of 5 per cent, according to BSE data. The share hit its 52-week high level at ₹212.75 on May 28, 2024, while the 52-week low level was at ₹86.90 on January 17, 2025.

Azad India Mobility shares have given stock market investors more than 530 per cent returns on their investment in the last five years. However, the stock has lost 17 per cent in the last one-year period.

Shares of the metal stock have gained over 18 per cent in the last one-month period after hitting their year-low in January 2025.

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