Endurance Technologies Limited
Nippon India Mutual Fund increased its stake in Endurance Technologies Limited from 1.04% to 1.12%, buying 1,25,332 shares. The shares were valued at approximately ₹33.81 crore, with a per-share price of ₹2698.20.
A manufacturer of automotive components specializing in aluminium die castings, alloy wheels, suspension systems, transmission parts, braking systems, and embedded electronic products. The company operates across India and Europe with multiple manufacturing plants serving major automotive customers globally. Its vertically integrated operations and diversified product portfolio across critical vehicle systems distinguish it as a comprehensive supplier in the auto components sector.
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.