Sharda Motor Industries Limited
Nippon India Mutual Fund increased its stake in Sharda Motor Industries from 2.08% to 2.76%, raising its shareholding from 11,91,353 to 15,85,293 shares. The current value of their holding is approximately ₹138.2 crore based on Sharda Motor's last closing price of ₹871.90.
A manufacturer of automotive and white goods components, Sharda Motor Industries operates across India's supply chain sectors. The company specializes in producing precision parts for vehicles and household appliances through integrated assembly and manufacturing facilities. Sharda Motor serves original equipment manufacturers and suppliers in both automotive and consumer durable industries, maintaining operations across multiple production centers.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.