The smallcap stock has given multibagger returns of 110% over the last 12 months versus Nifty50 which has given just over 4% returns during this period according to Trendlyne data.
Atul Auto shares were trading at Rs 609 on the BSE on Thursday, down by Rs 4.60 or 0.75% over the previous closing price on Wednesday.
Kedia, who holds equity in the company through Kedia Securities, reduced his stake in Tejas Networks by 12 bps to 1.89% for the quarter ended September 30, 2023, from 2.01% in the preceding quarter.
The Bengaluru-based company, which offers telecommunications products and services, has given returns of over 40% this year while the one-year returns stand at 24%, higher than the year-to-date (YTD) and one-year returns of 4.93% and 5.60%, respectively, given by Nifty50.
The celebrity investor also trimmed his holding in Elecon Engineering Company by 18 bps to 1.60% at the end of the September quarter versus 1.78% in the June ended quarter.The partial stake sale in the stock comes in the wake of multibagger returns given by the counter. The stock has given returns of more than 137% over the past 12 months while its YTD returns stand at 133%.
Changes are reflected in the ‘Shareholding Pattern’ of BSE-listed companies on reaching 1% stake or above.
As per the latest corporate shareholdings compiled by Trendlyne, Vijay Kedia publicly holds 15 stocks with a net worth of over Rs 1,433.3 crore. Among other stocks held by him in his portfolio are Vaibhav Global, Mahindra Holidays & Resorts, Neuland Laboratories, Om Infra, Heritage Foods and Ramco Cements.
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