The New Delhi-headquartered company manufactures every third TV and one out of every four washing machines sold in India thereby demonstrating its value proposition in these consumer durable categories.
Mutual funds reduced holdings in 10 major companies in December, with the highest selling in HDFC Bank (Rs 6,154 crore), followed by Voltas, HCL Tech,
Quant Small Cap Fund exited Mazagon Dock and reduced stakes in Cochin Shipyard and HUDCO. The fund increased exposure in Aster DM Healthcare, Juniper Hotels,
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