New Delhi. Leading investor Vijay Kedia needs no introduction. Often investors make their investments by looking at his portfolio. If you are also one of them then this news is for you. Kedia has decided to increase his stake in Precision Camshafts Limited during the July-September 2024 quarter. This new purchase made by him shows his increasing interest in this company.

Kedia bought 10,00,000 shares through his firm, Kedia Securities Private Limited, which is equivalent to a 1.05% stake in the company. In addition, he also personally holds 10,00,000 shares, taking his total stake to 20,00,000 shares, which is 2.10%. Earlier in the June quarter of 2024, Kedia held 11 lakh shares which reflect a stake of 1.16%.

Stock Returns
Precision Camshafts is a leading auto component manufacturer that supplies camshafts in India and globally. The company is debt-free and its promoters hold a 65.37% stake while the remaining 34.63% is held by FIIs, DIIs, and public shareholders. Precision Camshafts stock has given good returns to investors recently. This small-cap stock has gained 27% in the last one week and 62% in the last three months. Since the beginning of the year, this stock picked by Kedia has gained 16%.

The company currently has a market cap of Rs 2,889 crore. This investment by Vijay Kedia not only strengthens his portfolio but also reflects the growing popularity of Precision Camshafts. Thus, this move by Vijay Kedia may also inspire other investors to explore the possibilities in small-cap stocks.