Fidelity nearly doubles down on this housing finance company

Premji Invest

Premji Invest, the evergreen fund of Wipro founder Azim Premji, has picked up 155,323 shares of Craftsman Automation worth ₹114.94 crore in a bulk deal on April 15, 2026. This move aligns with Premji Invest's long-term, multi-cap investment strategy, targeting quality businesses with strong fundamentals. Craftsman Automation, a precision manufacturing company serving automotive, industrial, and engineering sectors from its Coimbatore headquarters, has shown robust financials with a 5-year sales CAGR of 39.0% and profit CAGR of 32.0%. Premji Invest, known for backing long-term plays in sectors like financial services, tech, consumer, industrials, and healthcare, sees potential in Craftsman Automation's diversified engineering capabilities.

Government Pension Investment Fund (Japan)

Japan's Government Pension Investment Fund (GPIF), one of the world's largest pension funds, has acquired 719,579 shares of Reliance Industries Limited in a block deal dated June 24, 2026. The transaction, valued at ₹94.23 crore at a price of ₹1309.50 per share, marks a notable investment by the FPI in India's largest conglomerate. GPIF is known for its global investments across various asset classes, reflecting its strategy to diversify holdings and potentially capitalize on growth opportunities in emerging markets like India. This move comes as Reliance Industries continues its expansion across diverse sectors including telecommunications, retail, and renewable energy, alongside its core refining and petrochemical businesses. The company, led by the Ambani family, remains a significant player in the Indian economy with a substantial market capitalization of ₹1,783,927 crore.

Government Pension Investment Fund (Japan)

Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, has made a significant bet on HDFC Bank, buying 1,013,597 shares for ₹78.52 crore in a block deal on June 24. This move by a major global institutional investor, known for its long-term investment horizon and strategic allocation to international equities, signals continued confidence in one of India's leading private sector banks, despite the bank's stock experiencing a roughly 20% decline over the past year.

Fidelity

Global asset manager Fidelity has significantly ramped up its stake in Home First Finance Company, acquiring 24,95,409 shares worth ₹297.46 crore via open market transactions. This move boosts Fidelity's holding from 7.17% to 9.50% in the housing finance firm. Known for its diversified, long-only approach, Fidelity's increased conviction highlights Home First Finance's quick 48-hour loan approvals and simplified documentation as a key differentiator in India's booming housing finance sector.

NM Merchantiles Limited

Promoter group NM Merchantiles Limited has boosted its stake in IOL Chemicals and Pharmaceuticals, acquiring 1,40,83,195 shares through an off-market transfer. This move increases their holding from 17.08% to 21.88% in the ₹3,922 Cr pharma and specialty chemicals manufacturer. Such a significant promoter stake hike often signals strong confidence in the company's future prospects and strategic direction.