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HDFC Mutual Fund pares stake in Sundram Fasteners via ₹358 crore bulk dealsHDFC Mutual Fund sold a 2% stake in Sundram Fasteners for ₹358 crore through bulk deals on NSE and BSE; the stock hit a 52-week low on Wednesday.By Sheersh Kapoor  March 4, 2026, 8:27:11 PM IST (Published)1 Min ReadHDFC Mutual Fund has pared its stake in Sundram Fasteners through bulk deals worth ₹358 crore across exchanges, reducing its holding in the auto components maker.

According to deal data, the fund house sold 22.5 lakh shares worth ₹187 crore on the BSE and offloaded shares worth ₹171 crore on the NSE. The transactions were executed at an average price of ₹832.17 per share. As of December 2025, HDFC Mutual Fund held a 7.6% stake in the company.

Shares of Sundram Fasteners Ltd ended at ₹838 apiece on the NSE, down 1.06% for the day. During the session, the stock hit a 52-week low of ₹818.20, underscoring the sustained selling pressure.

The stock has declined for six consecutive sessions, logging a cumulative loss of 10.78% over this period. Technical indicators reflect continued weakness, with the counter trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day and 200-day averages — signalling persistent downward momentum.

Also Read: Sundram Fasteners Q3 Results: Revenue rises 7%, margin flat; domestic sales up 18%

Over the past 12 months, Sundram Fasteners has delivered a negative return of 9.96%, underperforming the Sensex during the same period.Continue ReadingTagsHDFC Mutual Fundshare market todaySundram Fasteners