HDFC Mutual Fund increased its stake in Balkrishna Industries from 9.18% to 9.54% by purchasing 693,358 additional shares, bringing its total to 18,434,190 shares. This move reflects an increased conviction in the company, with the total value of the increased stake amounting to ₹139.79 crore based on the closing price of ₹2014.70.
A specialist manufacturer of off-highway tyres for agricultural, construction, industrial, mining, and port applications. Balkrishna Industries has operated since 1987, focusing exclusively on niche segments including earthmoving, ATV, and gardening tyres. The company designs and produces tyres engineered for demanding terrain and heavy-duty operations. It serves customers across India and international markets through its dedicated expertise in non-road tyre manufacturing and technical innovation.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.