{"id":120868,"date":"2024-03-15T14:00:38","date_gmt":"2024-03-15T08:30:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120868"},"modified":"2024-03-15T14:57:09","modified_gmt":"2024-03-15T09:27:09","slug":"auto-ancillary-stock-trades-flat-after-companys-md-sold-7-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-trades-flat-after-companys-md-sold-7-stake-in-the-company\/","title":{"rendered":"Auto ancillary stock trades flat after company&#8217;s MD sold 7% stake\u00a0in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3318346282\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the largest auto component manufacturers surged up to 7 percent to \u20b91,350 per share on Friday after the company\u2019s MD sold 6.99 percent in the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3807462185\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:40 p.m., Sundaram Clayton Ltd shares were trading at \u20b91,266.40, up 0.50 percent from the previous close on the National Stock Exchange. The company has a market capitalization of \u20b92,562 crore.\u00a0<\/p><p>As per NSE deals, Venu Srinivasan, the Chairman Emeritus and Managing Director of Sundaram Clayton sold 14.16 lakh shares, representing a 6.99 percent stake, for \u20b91,239.99 each on March 14th, resulting in a transaction value of \u20b9175.61 crore.&nbsp;<\/p><p>Meanwhile,SBI Mutual Fund, a domestic institutional investor, purchased 7.74 lakh equity shares at a price of \u20b91,240.00 per share, while Govindlal Mansukhlal Parikh bought 5.35 lakh shares at the same price.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2491971631\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Sundaram Clayton Ltd shares have gained 54 percent in the last six months and 58 percent in a year.&nbsp;<\/p><p>As of December 2023, Srinivasan held an 11.78 percent stake, constituting a portion of the overall promoter stake amounting to 74.45 percent. Foreign institutional investors hold a 1.01 percent stake in the company, while domestic investors hold 12.30 percent ownership.&nbsp;<\/p><p>Sundaram-Clayton Ltd. was formerly known as TVS Holdings Limited. A leading manufacturer of aluminium die-casting components. It supplies to major automotive OEMs, including TVSM, the Cummins Group, etc. Sundaram Clayton Ltd was set up by the TVS group and the UK-based Clayton Dewandre Holdings Ltd.&nbsp;<\/p><p>Sundaram-Clayton Ltd is in the business of manufacturing various automotive parts including flywheel housings, clutch housings, gear housings, filter heads, air connectors, lube oil cooler cover assemblies, turbochargers, compressor cover assemblies, charge air pipes, intake manifolds, and others for both heavy commercial vehicles and passenger cars.&nbsp;<\/p><p>The company caters to automotive and non-automotive industries across Asia, Europe, and the Americas.<\/p><p>The company experienced a 21 percent year-on-year revenue growth, climbing from \u20b91,692 crore in FY21-22 to \u20b92,053 crore in FY22-23. However, net losses surged from \u20b917 crore to \u20b9108 crore over the same timeframe.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2430905786\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-17083702\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the largest auto component manufacturers surged up to 7 percent to \u20b91,350 per share on Friday after the company\u2019s MD sold 6.99 percent in the company.&nbsp; At 12:40 p.m., Sundaram Clayton Ltd shares were trading at \u20b91,266.40, up 0.50 percent from the previous close on the National Stock Exchange. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto ancillary stock trades flat after company&#039;s MD sold 7% stake\u00a0in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of one of the largest auto component manufacturers surged up to 7 percent to \u20b91,350 per share on Friday after the company\u2019s MD sold 6.99 percent in the company.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-trades-flat-after-companys-md-sold-7-stake-in-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto ancillary stock trades flat after company&#039;s MD sold 7% stake\u00a0in the company\" \/>\n<meta property=\"og:description\" content=\"The shares of one of the largest auto component manufacturers surged up to 7 percent to \u20b91,350 per share on Friday after the company\u2019s MD sold 6.99 percent in the company.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-trades-flat-after-companys-md-sold-7-stake-in-the-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-15T08:30:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-15T09:27:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/Auto-Components-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-trades-flat-after-companys-md-sold-7-stake-in-the-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-trades-flat-after-companys-md-sold-7-stake-in-the-company\/\",\"name\":\"Auto ancillary stock trades flat after company's MD sold 7% stake\u00a0in the company - 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