Shares of Andhra Pradesh-based companies continued their rally at the bourses even as the headline indices remained muted on Monday. The surge, which started since Chandrababu Naidu’s thumping victory in the state’s assembly elections, meant that some of these companies including KCP have rallied up to 40% in the last four sessions. Andhra Cements was … Read more
Ace investor Vijay Kedia has raised his stake in Atul Auto by 450 bps in the September ended quarter taking his overall equity in the three-wheeler maker to 18.20 as against 13.70% in the June ended quarter. The smallcap stock has given multibagger returns of 110% over the last 12 months versus Nifty50 which has … Read more
Ace investor Vijay Kedia slashed his stake in two smallcap stocks — Tejas Networks and Elecon Engineering Company — during the September quarter, as per the latest shareholding data available on the BSE. Kedia, who holds equity in the company through Kedia Securities, reduced his stake in Tejas Networks by 12 bps to 1.89% in … Read more
Ace investor Vijay Kedia has increased stake in Affordable Robotic and Automation, a microcap stock that has doubled investors wealth in the last six months. According to the latest shareholding pattern available with the exchanges, Vijay Kedia and his firm Kedia Securities hold a combined stake of 13.30% as of March 2023. The holding was … Read more
Mumbai: Retail investors stand to lose out by not participating in rights issues of good companies that offer stock to existing shareholders at deep discounts to current market prices. Some companies, such as , , , Choice International, and , have recently offered rights issues at 40-95% discounts to the prevailing market prices. In some … Read more
New Delhi: (HFL) on Friday announced that its board at the meeting held today approved the raising of funds on a rights issue basis. The company said it would issue equity shares in the ratio of 1:1 by the way of the rights issue at the face value of Rs 5 per equity share to … Read more
New Delhi: Despite underperformance from most of his picks, seasoned investor Vijay Kedia stayed put in majority of them. His stake remained unchanged in at least nine stocks. Out of 11 stocks in his portfolio, six have delivered negative returns in the last 12 months. Among remaining five, only two have been able to turn … Read more