Bengaluru, June 30 -- 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 pric...