Hindustan Aeronautics Limited
ICICI Prudential Mutual Fund decreased its stake in Hindustan Aeronautics Limited from 1.30% to 1.04%, selling 17,11,844 shares. This reduced the fund's total holding to 69,85,870 shares.
A major aerospace and defense manufacturer, Hindustan Aeronautics engages in the design, development, and production of aircraft and helicopters for military and civilian applications. The company also provides comprehensive repair, maintenance, and overhaul services for aerospace platforms. As a vertically integrated manufacturer with in-house capabilities, it operates as a key strategic supplier to India's defense sector, government aviation requirements, and international customers.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.