The shares of an auto component company, part of the TVS Group and known for manufacturing high-precision components for the automotive, windmill, infrastructure, and aviation sectors, rose over 6% after HDFC Mutual Fund purchased shares worth Rs 137 crore through a bulk deal on the BSE.
With a market capitalization of Rs 21,780 Crores, the share price of Sundram Fasteners Ltd was trading over 6% up to hit an intraday high of Rs 1059.75 per share from its previous closing price of Rs 999.25 per share.
HDFC Mutual Fund on Friday acquired an additional 0.65% stake in auto components maker Sundram Fasteners for Rs 137.02 crore through an open market transaction.
The fund purchased 13.70 lakh shares at an average price of Rs 1,000 apiece, according to BSE bulk deal data. With this purchase, HDFC Mutual Fund’s total stake in the company has increased from 4.37% (as of March 2025) to 5.02%.
Sundram Fasteners Limited, part of the TVS Group, is a top Indian company known for making high-precision components for the automotive, wind energy, aerospace, defense, and industrial sectors. Founded in 1966 and based in Chennai, it manufactures a wide range of products like fasteners, powertrain parts, gears, shafts, pumps, and radiator caps.
The company supplies parts to customers in India and globally, including markets like China, the Americas, and Europe. It also produces powder metallurgy and forged components, along with generating power from renewable sources. In FY25, Sundram Fasteners earned 70% of its revenue from domestic sales and 30% from exports.
For growth, the company invested Rs 396 crore in FY25 across fasteners, aerospace, and wind energy. It plans to spend at least Rs 300 crore in FY26, continuing to expand both its core and new business areas.
The company reported a revenue of Rs 5,955 crore in FY25, up by 5.1 percent from its FY24 revenue of Rs 5,666 crore. Coming to its profitability, the company reported a net profit rise of 3.04 percent to Rs 542 crore in FY25 from Rs 526 crore in FY24. The stock delivered an ROE and ROCE of 14.9 percent and 17.1 percent, respectively.
Written By Rohan Pandey
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