In this article, we will look at some of the stock held by Ace Investors, which are trading at a huge discount, and you can think of keeping them under your radar. So, let’s dig into it.
1. Tejas Networks
Tejas Networks Ltd designs and manufactures innovative networking products for wireless and wireline communications across India and global markets. It offers broadband, optical transport, and networking solutions to telecom operators, ISPs, enterprises, utilities, defense, and government agencies through broadband products like fiber/mobile broadband, Ethernet switches, routers, and network management solutions.
Vijay Kedia, through its investment arm (Kedia Securities Private Limited), holds a 1.02 percent stake in the company and is currently trading at a discount of 53.4 percent from its 52-week high.
2. Atul Auto
Atul Auto Ltd is engaged in the manufacture and sale of three-wheelers for passenger and cargo use (including e-rickshaws and delivery vehicles) powered by diesel, petrol, CNG, LPG, and electric engines. Its products are sold under the brands Atul RIK, Gem, Elite, and Shakti, and are exported to markets in Asia, Africa, and Latin America.
Vijay Kedia (self), and through its investment arm (Kedia Securities Private Limited), holds a total of 20.91 percent stake in the company and is currently trading at a discount of 45 percent from its 52-week high.
Also read: Tata Group stock to buy now for an upside of up to 28%; Recommended by Jefferies
3. Thomas Scott
Thomas Scott (India) Limited was incorporated in 2010 and is based in Mumbai. It manufactures and trades textile and apparel products in India. It specializes in men’s formal, casual, and semi-formal wear, including business casual shirts. The company markets its products under the Hammersmith, Bang & Scott, Italian Gold, and Thomas Scott brand names. Ashish Kacholia holds a 2.10 percent stake in the company and is currently trading at a discount of 41.5 percent from its 52-week high.
4. Man Industries
MAN Industries (India) Ltd., the flagship company of the MAN Group, founded by the Mansukhani family, is a significant manufacturer and exporter of carbon steel pipes (LSAW, HSAW, ERW) in large diameters. The company was established in 1988 as an aluminum extruder and is currently serving the oil & gas, petrochemical, water, fertilizer, and CGD sectors. Ashish Kacholia holds a 2.03 percent stake in the company and is currently trading at a discount of 24.8 percent from its 52-week high.
Written by Satyajeet Mukherjee
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