Synopsis:
Eimco Elecon (India) Limited’s stock rose after Vijay Kedia’s Kedia Securities acquired 57,441 shares worth Rs. 10.95 crore, highlighting investor confidence in the company’s growth.
The company, known for manufacturing and supplying mining and construction equipment, witnessed a sharp stock surge after a prominent investor acquired a significant stake. This article explores the details of the purchase, market reaction, and its potential impact on the company’s future performance.
Eimco Elecon (India) Limited’s stock, with a market capitalisation of Rs. 1,254 crores, rose to Rs. 2,248, hitting a high of up 17.23 percent from its previous closing price of Rs. 1,917.50. However, the stock over the past year has given a negative return of 24 percent.
Kedia Securities
Kedia Securities Private Limited is a simple investment firm based in Mumbai, India, run by famous stock investor Dr. Vijay Kedia. It mainly puts money into shares of public companies listed on Indian stock markets and also into new startups that are not yet public.
Started to grow wealth through smart picks, the firm follows easy rules like finding small companies with big dreams and good leaders. Dr. Kedia, who began trading as a teen, now has a huge portfolio worth over 1,200 crore rupees, and the company helps him spot chances in the stock world.
Kedia Securities recently purchased 57,441 shares of Eimco Elecon at a price of Rs 1,906.71 per share, investing a total of approximately Rs. 10.95 crore. Eimco Elecon (India) Limited, established in 1974 and headquartered in Vallabh Vidyanagar, Gujarat, is a well-known manufacturer and supplier of mining and construction equipment in India
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Q1 Financial Highlight
The company reported revenue of Rs. 68 crore in Q1FY26, a 6% sequential rise from Rs. 64 crore in Q4FY25 but a 3% decline year-on-year from Rs. 70 crore in Q1FY25. Despite the slight annual dip, the firm’s 3-year sales CAGR of 43% highlights sustained long-term growth momentum.
Profit for Q1FY26 stood at Rs. 14 crore, down 6.7% sequentially compared to Rs. 15 crore in Q4FY25 and down 7% YoY from Rs. 15 crore in Q1FY25. Over the past three years, profit has grown at a strong 78% CAGR with ROE rising at a 10% CAGR, reflecting consistent earnings efficiency.
Written By Fazal Ul Vahab C H
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