560 per cent returns: This Vijay Kedia’s multibagger small-cap stock creates waves in Dalal Street; got locked at 20 per cent upper circuit in Friday’s session!

The scrip witnessed massive spurt in volume by more than 4.17 times

On Friday, shares of Precision Camshafts zoomed and got locked 20 per cent upper circuit to trade at a new 52-week high level of Rs 217.30 apiece on BSE. The scrip witnessed massive spurt in volume by more than 4.17 times.

Ace investor, Vijay Kedia, has augmented his ownership in the company by 0.11 per cent, resulting in his total stake now amounting to 1.16 per cent. With his extensive experience and astute investment decisions, Vijay Kedia's involvement signifies a positive endorsement for the company and its growth trajectory.

In March 2023, the net sales amounted to Rs 168.80 crore, reflecting a 12.34 per cent increase compared to Rs 150.26 crore in March 2022. The EBITDA level for March 2023 was Rs 29.61 crore, showing a 7.47 per cent decrease from Rs 32.00 crore in March 2022. The quarterly net profit for March 2023 stood at Rs 14.04 crore, indicating a 13.61 per cent decline from Rs 16.25 crore in March 2022.

Precision Camshafts Limited is manufacturer and supplier of camshafts in India and globally. It supplies more than 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications.

The stock has witnessed significant buying activity as it has given multibagger returns of more than 560 per cent in just 3 years. Moreover, the stock has zoomed more than 100 per cent in just 3 months. Keep a close eye on this trending multibagger Vijay Kedia portfolio stock.  

1 comments on article "560 per cent returns: This Vijay Kedia’s multibagger small-cap stock creates waves in Dalal Street; got locked at 20 per cent upper circuit in Friday’s session!"

Virendra Singh

Excellent suggested stocks

7/15/2023 12:37 PM

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