Vijay Kedia buys on Dips, acquires RS 11 Crore Ping in Smallcap Company via Bulk Deal

Selection framework Investiger Vijay Kedia took the importance of RS 11 Crore in Gujarat established Eimco Elecon (India) on Tuesday via a bulk deal. More than 57,400 shares were purchased by his investment company Kedia Securities Private LTD for a price of RS 1906,71 each.

The purchase price was 4.4% higher compared to the closing price of Monday of RS 1,825.55 on the BSE. Today, stock rose by 5% and ended in RS 1,917.50.

Eimco Elecon (India) is working on production and marketing equipment for underground and opens. It was founded in 1974 and went public in 1992. Located in Vallabh Vidyanagar, Anand, Gujarat, the company is spread over a 15 -hectare piece.

Kedia’s important sale comes after a considerable correction in the shares, which indicates a dip purchase. The share price has eroded 34% in the past year and has currently fallen by 77% compared to the 52 -week peak of RS 3,394.75.

The share is a multibagger with a return of 426% for a period of 3 years, which performs considerably better than benchmark-Indices Nifty and the BSE Sesex for which the return is 45% and 41% respectively in the same period.

Eimco Elecon shares are currently trading among their 50-day and 200-day simple advancing averages (SMAS) of RS 2,148 and RS 2,003 respectively, according to Trendlyne data. Q4FY25 and RS 14.78 Crore in Q1FY25. The turnover in the reported quarter was RS 67.56 crore versus RS 64.28 crore in Q4FY25 and RS 69.72 Crore in Q1FY25. The top line rose by 5% consecutively in Q1FY26 and fell by 3% on an annual basis.

Also read: half a century for Ashish Kacholia: Jain Resource Recycling is 50th stock, importance now that RS is worth 128 crore

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)