🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

This Stock Locked at 20% Upper Circuit As Vijay Kedia Enters Stake in Q4

Published 17-04-2023, 05:10 pm

By Malvika Gurung

Investing.com -- Shares of the largest camshaft manufacturer Precision Camshafts (NS:PRCM) were locked at 20% upper circuit on Monday despite a tumultuous overall market mood in the session as benchmarks Nifty50 and Sensex ended deep in the red.

The stock hit a 20% upper circuit at Rs 127.8 apiece after it released its latest shareholding pattern for the March 2023 quarter, which showed that ace investor Vijay Kishanlal Kedia picked a fresh stake in the company during the said quarter.

According to Precision Camshafts’ shareholding pattern, Kedia bought a total of 10,00,000 equity shares of the company, translating to a 1.05% stake for the quarter ended March 31, 2023.

At its closing price of Rs 127.8 apiece on Monday, Vijay Kedia’s total holding in the Precision Camshafts aggregates to Rs 12.78 crore in Q4 FY23.

The market mogul did not hold any shares of the small-cap company in the preceding quarters or the December 2022 quarter, as his name was absent from the company’s list of individual shareholders as per previous shareholding patterns.

Companies have to compulsorily release the names of all the shareholders holding at least a 1% stake in the company, every quarter.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.