Introduction:
HDFC Group is a prominent financial conglomerate in India, known for its substantial presence across banking, asset management, and insurance sectors. As per the latest corporate shareholdings filed, HDFC Group publicly holds 283 stocks with a net worth of over Rs. 507,229.0 Cr.
Lumax Industries Ltd:
On December 24, 2024, Lumax Industries Ltd (NSE: LUMAXIND) opened at ₹2,367.70, reached a high of ₹2,399.90, and dipped to a low of ₹2,352.80. It closed at ₹2,371.35, up 0.68% from the previous close, with a market cap of ₹2,216.67 crore.
HDFC Group recently acquired a new stake in Lumax Industries, valued at ₹54.4 Crore, holding 2,24,939 shares, representing 2.40% of the company. Lumax is known for its automotive lighting solutions, indicating potential growth in the auto sector.
Lumax Industries Ltd specializes in automotive lighting and accessories, catering to major auto manufacturers. Its focus on innovation and quality makes it a key player in the auto components industry.
Marico Ltd:
On December 24, 2024, Marico Ltd (NSE: MARICO) opened at ₹636.90, peaked at ₹645.70, and hit a low of ₹621.80 before closing at ₹629.90. This represents a decrease of 1.04% from the previous close, with a market cap of ₹81,587.55 crore.
HDFC Group’s new investment in Marico amounts to ₹890.6 Crore, with 1,41,82,605 shares, making up 1.10% of the company. Marico is a major player in the FMCG sector, known for its health and beauty brands, suggesting stable growth prospects.
Marico Ltd is a leading Indian consumer goods company known for its popular brands like Parachute and Saffola. Its products range from hair care to cooking oils, targeting health-conscious consumers.
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Pearl Global Ltd:
On December 24, 2024, Pearl Global Ltd (NSE:PGIL) opened at ₹1,450.00 and hit the same as its high before falling to a low of ₹1,365.30. It closed at ₹1,397.20, down 1.66% from the previous close, with a market cap of ₹6,411.96 crore.
With a recent investment of ₹333.7 Crore for 25,44,668 shares, making up 5.60% of Pearl Global, HDFC Group has marked its entry into this textile company. The significant stake hints at confidence in Pearl Global’s market position and future performance.
Pearl Global Ltd operates in the textile sector, focusing on manufacturing and exporting garments. Its commitment to sustainability and innovation drives its success in international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.