TRF Limited
Counter Cyclical bought 11,960 shares of TRF Limited through an open-market transaction, raising its stake from 5.15% to 5.26%.
A manufacturer of material handling equipment for the infrastructure sector, TRF undertakes turnkey projects involving design, engineering, supervision, and equipment production. Incorporated in 1962, the company serves clients across mining, ports, and industrial infrastructure with integrated solutions for bulk material movement and processing systems. TRF's distinctive strength lies in its ability to deliver complete project solutions, combining engineering expertise with manufacturing capabilities and on-site support services for complex material handling challenges.
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.
