{"id":102293,"date":"2023-05-02T16:21:00","date_gmt":"2023-05-02T10:51:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102293"},"modified":"2023-05-02T17:10:56","modified_gmt":"2023-05-02T11:40:56","slug":"textile-stock-gains-up-to-5-4-after-two-ace-investors-increase-a-stake-in-it-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/textile-stock-gains-up-to-5-4-after-two-ace-investors-increase-a-stake-in-it-check-the-details\/","title":{"rendered":"Textile stock gains up to 5.4% after two ace investors increase a stake in it; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2475958397\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Siyaram Silk Mills gained 5.41 percent during Tuesday\u2019s intraday trade to reach a high of \u20b9 516.05 apiece on the National Stock Exchange (NSE) after two ace investors, Vijay Kedia and Sunil Singhania increased their stake in it.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1787270829\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the latest shareholding pattern of the company, ace investor Vijay Kedia has increased his stake in Siyaram Silk Mills to 1.08 percent stake or 5,05,000 shares in the March quarter, as compared to a 1.07 percent stake or 5,00,000 shares in the company in the December quarter of FY 2022-23.&nbsp;<\/p><p>Vijay Kishanlal Kedia is one of the largest shareholders (after the promoters) in several listed companies. He started investing in the markets at the age of 19 and has made multibagger returns in various stocks.&nbsp;<\/p><p>Similarly, Abakkus Emerging Opportunities Fund-1 from Abakkus Asset Manager, an investment management company founded by another seasoned investor Sunil Singhania has also increased its stake in the company to 2.14 percent or 10,03,044 shares as of the March quarter of FY23. The fund held a 2.11 percent stake or 9,88,044 shares as of the December quarter of FY23, indicating an increase.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3380099279\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Sunil Singhania was the CIO of equity investments at reliance mutual funds and he played an important role in building Reliance-Nippon MF into one of India&#8217;s largest asset management companies (AMCs).&nbsp;<\/p><p>Siyaram Silk Mills has a high return on equity of 25.43 percent and an ideal debt-to-equity ratio of 0.25. Its shares were trading at a price-to-earnings ratio of 9.36, which is significantly lower than the industry P\/E of 20.17, indicating that the stock might be undervalued as compared to its peers. Its promoters hold a 67.18 percent stake in it, followed by retail investors with 28.54 percent, mutual funds with 2.22 percent, foreign institutions with 2.04 percent and other domestic institutions with 0.02 percent.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong>\u00a0<\/p><div class=\"trade-after-content\" id=\"trade-119362110\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Siyaram Silk Mills gained 5.41 percent during Tuesday\u2019s intraday trade to reach a high of \u20b9 516.05 apiece on the National Stock Exchange (NSE) after two ace investors, Vijay Kedia and Sunil Singhania increased their stake in it.&nbsp; According to the latest shareholding pattern of the company, ace investor Vijay Kedia has increased [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-102293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Textile stock gains up to 5.4% after two ace investors increase a stake in it; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company gained 5.41 percent during Tuesday\u2019s intraday trade to reach a high of \u20b9 516.05 apiece on the National Stock Exchange (NSE) after two ace investors, Vijay Kedia and Sunil Singhania increased their stake in it.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/textile-stock-gains-up-to-5-4-after-two-ace-investors-increase-a-stake-in-it-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile stock gains up to 5.4% after two ace investors increase a stake in it; 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