One other worth investor Dolly Khanna, who already owns a small stake, elevated her stake within the firm as nicely.
Amid the rising electric vehicle (EV) increase, automotive part makers are in nice demand. From PE traders to retail ones, everyone seems to be making an attempt to seize shares of suppliers to the EV trade earlier than it matures.
The info reveals Vijay Kedia, who didn’t determine amongst main minority shareholders on the finish of September, held 2,80,000 shares or 2.27 per cent of the corporate on the finish of December. As of the final buying and selling worth, his stake was price Rs 12 crore.
Dolly Khanna, well-known for selecting high quality smallcaps, who already held 1,54,061 shares or 1.25 per cent within the agency, raised her stake to 2,11,120 shares or 1.71 per cent. Her stake was valued at Rs 9 crore as of final commerce.
International portfolio traders (FPIs) additionally noticed the potential of the corporate in the course of the quarter, it appears. 4 FPIs held 0.21 per cent within the firm as of December in opposition to 0.02 per cent held by two of these.
Mutual funds, although, proceed to disregard the agency as they don’t have any holdings within the agency.
Following the announcement of December shareholding information, the inventory spiked 14 per cent to Rs 445. The counter has delivered practically three-fold features within the final one yr. The entire firm is valued at Rs 539 crore.