National Fittings Limited

Counter Cyclical sold 1,89,661 shares of National Fittings Limited for ₹3.27 Cr at ₹172.38 apiece in a bulk deal on August 27, 2026.

A manufacturer of specialized pipe fittings and valves incorporated in 1993, National Fitting produces spheroidal graphite pipe fittings, stainless steel fittings, and stainless steel ball valves for industrial applications. The company operates within the iron and steel products sector, serving customers across infrastructure, engineering, and construction industries. Its focus on quality fittings and valve manufacturing, combined with technical expertise in materials, differentiates it within the Indian industrial components market.

Founded in 2019, managing around Rs 712 cr in a deep-value smallcap strategy. Run by Gurmit Singh Narang (MA Economics, Delhi School of Economics) with a zero-management-fee structure: 20 percent performance share over a 10 percent hurdle. Concentrated bets on out-of-favour smallcaps.