Cera Sanitaryware Limited
HSBC Mutual Fund increased its stake in Cera Sanitaryware from 2.63% to 2.82%, raising its shareholding from 338,650 to 364,130 shares. This amounted to an increase of 25,480 shares, valued at approximately ₹16.09 crore based on the share price of ₹6313.50.
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.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.