{"id":71969,"date":"2022-11-08T15:45:00","date_gmt":"2022-11-08T10:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=71969"},"modified":"2022-11-08T15:40:45","modified_gmt":"2022-11-08T10:10:45","slug":"vijay-kedia-increases-stake-in-this-multibagger-stock-that-gave-397-returns","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/vijay-kedia-increases-stake-in-this-multibagger-stock-that-gave-397-returns\/","title":{"rendered":"Vijay Kedia increases stake in this multibagger stock that gave 397% returns!\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1608897847\"><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>Ace investor, Vijay Kedia, has increased his stake in <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ELECON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Elecon Engineering Company<\/a><\/strong>, a small-cap stock that has given multibagger returns, according to the latest filings. As per the latest corporate shareholdings, the marquee investor publicly holds 16 stocks with a net worth of over \u20b9 771.9 Crore.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2491150971\"><!-- 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>Elecon Engineering Company is engaged in the design and manufacturing of material handling equipment and industrial gears. In addition, it provides construction and commissioning solutions for its products. Moreover, it has ventured into the manufacturing of custom-made gearboxes for steel mills, high-speed turbines, satellites for ISRO and also for naval aircraft carriers.&nbsp;<\/p><p>According to the recent shareholding data released on the exchanges, the veteran investor holds a 1.94 percent stake or 21,75,000 equity shares in the company as of September 2022. Earlier, he held 20,75,000 or a 1.85 percent stake in the company. Therefore he has increased his stake by 0.09 percent or has bought 1 lakh shares of the company.&nbsp;<\/p><p>Elecon Engineering\u2019s share price is in the green and has been on a rise. In the past month, it has increased by 23.69 percent. In fact, it has increased by 148.29 percent in the past year. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 2.48 lakhs.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-82568564\"><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>Similarly, its share price has increased by 397.02 percent in the last five years. Therefore, if investors would have invested \u20b9 1 lakh five years ago, the value of their holdings would have been \u20b9 4.97 lakhs.&nbsp;<\/p><p>Elecon Engineering is a small-cap company with a market capitalization of 4678 crores. It has a return on equity of 14.27 percent and an ideal debt-to-equity ratio of 0.05. Its shares are trading at a price-to-equity (PE) ratio of 25.33, which is significantly lower than the industry PE of 40.75, indicating that the stock might be undervalued. Its promoters hold a 59.29 percent stake in it.&nbsp;<\/p><p>The company posted an 82.33 percent increase in its net profit to \u20b9 64.51 crore in September 2022 (Q2FY23), against \u20b9 35.38 crore in the corresponding quarter last year. Further, its sales rose 23.75 percent to \u20b9 388.59 crore in September 2022, against \u20b9 314.02 crore in September 2021.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1547459564\"><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>Ace investor, Vijay Kedia, has increased his stake in Elecon Engineering Company, a small-cap stock that has given multibagger returns, according to the latest filings. As per the latest corporate shareholdings, the marquee investor publicly holds 16 stocks with a net worth of over \u20b9 771.9 Crore.\u00a0 Elecon Engineering Company is engaged in the design [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62124,"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":[31,1789],"tags":[3153,4178,3157,3158,4838,4839,4836,5118,4837],"class_list":["post-71969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-vijay-kedia-portfolio","tag-vijay-kedia-portfolio-2022","tag-vijay-kedia-stock","tag-vijay-kedia-stock-purchases","tag-what-is-the-portfolio-of-vijay-kedia"],"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>Vijay Kedia increases stake in this multibagger stock that gave 397% returns!\u00a0 - Trade Brains Features<\/title>\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\/vijay-kedia-increases-stake-in-this-multibagger-stock-that-gave-397-returns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vijay Kedia increases stake in this multibagger stock that gave 397% returns!\u00a0\" \/>\n<meta property=\"og:description\" content=\"Ace investor, Vijay Kedia, has increased his stake in Elecon Engineering Company, a small-cap stock that has given multibagger returns, according to the latest filings. 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