Vijay Kedia portfolio: After the information break of Tejas Networks buying 35.60 per cent stake in Saankhya Labs Pvt Ltd, the multibagger inventory has grow to be bulls’ favorite at Dalal Road. This multibagger telecom {hardware} inventory has hit higher circuit for sixth successive commerce session in the present day. Inside minutes of inventory market opening bell in the present day, Tejas Networks share worth ascended to its intraday excessive of ₹518.60 apiece ranges, hitting 5 per cent higher circuit in early morning offers.
In accordance with inventory market consultants, outlook of this Vijay Kedia portfolio inventory is optimistic after this improvement. Nevertheless, they went on so as to add that Tejas Networks could be one of many main beneficiaries of the federal government of India’s transfer to roll out 100 per cent made in India 5G community. As Tata group has additionally introduced to accumulate 64 per cent stake within the firm, market is buzz with Tata teams utilizing Tejas Networks providers for Tata Sky, a collaboration that might pump enterprise quantity of the telecom {hardware} firm to a bigger extent.
Highlighting the basics that has attracted market bulls in direction of this multibagger Vijay Kedia inventory; Ravi Singh, Vice President & Head of Analysis at Share India stated, “Saankhya Labs is a premier wi-fi communication and semiconductor options firm based mostly out of Bengaluru. The acquisition of Saankhya Labs is not going to solely improve the Firm’s wi-fi choices but in addition it is buyer base in India and worldwide markets.”
On why market has gone extremely bullish on Tejas Networks shares; Ravi Singhal, Vice Chairman at GCL Securities stated, “Indian authorities has introduced that 5G roll out in India could be 100 per cent made in India. So, market is anticipating that after this announcement, Tejas Networks might emerge as one of many huge beneficiaries from the 5G roll out in India. Aside from this, Tata group has made funding on this telecom {hardware} firm which means there’s excessive likelihood of Tata Sky utilizing Tejas Networks’ superior tech and experience resulting in extra income for the telecom {hardware} firm. So, after 6 months of consolidation, we’re witnessing robust rebound on this multibagger inventory.”
Tejas Networks share worth historical past
Tejas Networks shares are one of many multibagger shares in 2021. This Vijay Kedia portfolio inventory has remained underneath selloff warmth for final 6 months. Nevertheless, it nonetheless managed to ship greater than 180 per cent return to its shareholders in final one yr.
Vijay Kedia shareholding in Tejas Networks
As per shareholding sample of Tejas Networks for October to December 2021, Vijay Kedia has invested on this firm via his firm Kedia Securities Personal Restricted. His Kedia Securities Personal Restricted holds 39 lakh Tejas Networks shares, which is round 3.42 per cent of the web paid-up capital of the telecom firm.
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Supply: Live Mint