New Delhi, July 21 -- Shares of Balkrishna Industries rose nearly 1 percent in intraday trade on July 21, following news that HDFC Mutual Fund had increased its stake in the company to 7.16 percent, up from 5.02 percent earlier. The move was seen as a positive signal by investors, reflecting HDFC MF's reinforced confidence in the long-term potential of the tyre manufacturer.

According to regulatory disclosures, HDFC Mutual Fund increased its holding by 2.14 percent, raising its total shareholding in the company to 1,38,34,445 equity shares from the previous 97,05,222 shares. The acquisition was completed via open market transactions and disclosed as of July 17, 2025.

The purchase was made through various schemes managed by HDFC Mutual F...