Vijay Kedia has invested more money in Elecon Engineering shares.
This change has been seen during the April to June 2022 quarter.
Vijay Kedia holds 20,75,000 shares or 1.85 percent stake in the company.
Vijay Kedia portfolio: Retail investors keep an eye on the portfolios of the stalwarts of the stock market. People keep watching the quarterly shareholding pattern of big investors. In this episode, Vijay Kedia has increased stake in one of his multibagger stocks. Kedia has invested more money in Elecon Engineering shares, after impressive returns in consumer durables stocks. This change has been seen during the April to June 2022 quarter.
Kedia increases stake by 0.66 per cent in the company
As per the shareholding pattern of Alcon Engineering for the April to June 2022 quarter, Vijay Kedia holds 20,75,000 shares or 1.85 per cent stake in the company. In the shareholding pattern of Alcon Engineering for the March 2022 quarter, Vijay Kedia held 13,39,713 shares or 1.19 per cent stake in the company. Accordingly, during the June quarter, Kedia has increased stake by 0.66 percent in the company.
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More than 100% return in one year
However, it is difficult to say whether Vijay Kedia bought all these shares in one go or he bought it piecemeal. As per the exchange rules, a listed company is bound to make public the names of individual shareholders who hold 1 percent or more of the company’s shares. However, the exchange rules do not make it mandatory for listed companies to provide details about the purchase and sale of shares.
Market cap of Rs 3,480 crore
Shares of Alcon Engineering Company Limited closed with a market cap of Rs 3,480 crore on Friday. Its 52-week high is Rs 325 while its 52-week low is Rs 84.35. Its book value per share is 93.60.
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On a year-on-year (YTD) basis, this stock in Vijay Kedia Portfolio has risen from around ₹190 to ₹310, providing nearly 60 per cent return to its shareholders. At the same time, in the last one year, this multibagger stock has risen from around ₹138 to ₹310 levels, showing a growth of around 125 percent in this period.
Tags: Multibagger stock, Share market, stock return, Stock tips
FIRST PUBLISHED : July 18, 2022, 11:12 IST