Ace Investor: Vijay Kedia’s recent buy - Elecon Engineering is trading at a fresh 52-week high on June 23
Vijay Kedia has bought Elecon Engineering, Vaibhav Global Ltd, and sold Ramco Systems.
One of the famous investors of India, Vijay Kedia has recently reduced his stake in Ramco Systems Ltd and Tejas Network Ltd. However, the reduction in Tejas Network Ltd is small, with only a 0.02% change from 3.42% to 3.4%. Whereas, holding in Ramco Systems Ltd has been reduced by 0.25% from 2.6% to 2.35%.
Vijay Kedia has also done some shopping recently. He has bought additional shares of Elecon Engineering Company Ltd and Vaibhav Global Ltd. In Elecon Engineering Company Ltd, he has increased his stake by 0.03% from 1.16% to 1.19%. While the stake in Vaibhav Global Ltd has been increased to 1.86% from 1.85%.
Elecon Engineering Company Ltd is trending today as its stock made a fresh 52-week high today of Rs 284.90. The stock has always been in the news for the last 3 months. It has rallied more than 100% in the last 3 months while the markets have been falling sharply. The company is involved in designing and manufacturing material handling equipment and industrial gears.
The shares of Vaibhav Global are also in action today, trading at Rs 310.3, 1.45% up, at 11:53 pm on June 23. However, the shares have witnessed a sharp correction in the last year. The stock made a high of Rs 858.15 in the month of May 2021. Vaibhav Global is involved in the business of Gems, Jewellery, Watches, and other lifestyle products in the global retail space.
Ramco Systems Ltd is trading with more than 2% gains in today’s session. However, the company has delivered weak Q4 results. The company reported a significant YOY decline of 17% in its Q4 sales number. The company also recorded a loss of Rs 26 crore in Q4. Ramco Systems Ltd is an enterprise software service provider in HR, Global Payroll, and ERP business.
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