UTI Mutual Fund decreased its stake in Cera Sanitaryware from 2.84% to 2.68% by selling 20,930 shares.
A manufacturer of sanitaryware and building products, Cera serves the Indian construction and plumbing sectors with ceramics and related fixtures for residential and commercial applications. The company operates production facilities across India and generates renewable power through wind and solar energy installations in Gujarat for internal consumption. Its product portfolio spans bathroom ceramics, sanitary fittings, and building materials.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.