HDFC Mutual Fund cuts Bajaj Electricals stake to 7.25 percent
BAJAJELEC · price
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.3 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HDFC Mutual Fund schemes sold 23,25,060 Bajaj Electricals shares in the open market, reducing their combined holding by 2.01 percentage points to 7.25 percent, or 83,69,258 shares, as of October 26, 2026. Their earlier holding was 9.27 percent after adjusting the previously reported 9.28 percent for the company's current share capital.
The sale may add short-term selling pressure, but HDFC Mutual Fund remains a sizeable shareholder with a 7.25 percent stake.