3 Sigma Fund buys stake, boosting Azad India Mobility stock

On March 17, Mauritius-based FII 3 Sigma Fund acquired a 2.20% stake in Azad India Mobility, increasing its total voting shares to 21.99%. This announcement led to a surge in the stock price, hitting the upper circuit. Azad India Mobility shares rose 5% to ₹112.35 following the acquisition. The stock has seen significant fluctuations, with a 52-week high of ₹212.75 and a low of ₹86.90. Despite a 17% decline over the past year, the stock has gained over 18% in the last month, recovering from its year-low in January 2025.