HDFC Mutual Fund has significantly reduced its exposure to Sundram Fasteners through strategic bulk deals worth ₹358 crore across major exchanges. According to deal data reported by CNBC TV18, the fund house sold 22.5 lakh shares worth ₹187 crore on the BSE and offloaded shares worth ₹171 crore on the NSE. The transactions were executed at an average price of ₹832.17 per share, representing a substantial divestment from the auto components maker.
As of December 2025, HDFC Mutual Fund maintained a 7.6% stake in Sundram Fasteners, as reported by CNBC TV18. The bulk deal transactions have reduced this holding, though the exact percentage reduction remains to be confirmed. The fund house's decision to pare its stake suggests a strategic shift in its investment approach toward the auto components manufacturer.
The stock performance reflected the selling pressure, with Sundram Fasteners shares ending at ₹838 apiece on the NSE, down 1.06% for the day. During the trading session, the stock hit a 52-week low of ₹818.20, underscoring the sustained selling pressure. The stock has declined for six consecutive sessions, logging a cumulative loss of 10.78% over this period, as reported by CNBC TV18.
Technical indicators reveal continued weakness in Sundram Fasteners, with the counter trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day and 200-day averages, signalling persistent downward momentum. Over the past 12 months, the stock has delivered a negative return of 9.96%, underperforming the Sensex during the same period, according to CNBC TV18 reports.
