Vijay Kedia gains Rs 25 crore in a single day as his small-cap holding jumps over 18 per cent!

This small-cap stock has been a multibagger, delivering robust gains of over 100 percent in the last year.

Indian benchmark indices were seen trading with modest gains of 0.15 per cent. However, there is one stock that is grabbing all the attention: Atul Auto Ltd. Atul Auto Ltd manufactures three-wheelers (both goods and passenger segments) under the Atul brand, along with spares, components, and allied products. The company is based in Rajkot and has two manufacturing plants in Rajkot and Ahmedabad (both in Gujarat) with an installed capacity to manufacture 60,000 vehicles each. The business is managed by Mr. Chandra and Mr. Patel, along with their family members.

The stock jumped over 18 per cent on Wednesday, marking a fresh 52-week high. It recorded robust volume of nearly 26 lakh shares on NSE, the highest volume traded since the first week of April 2023. Furthermore, the stock is trading above all its short to long-term moving averages. Interestingly, all these moving averages are trending upwards in a desired sequence, which bodes well for the stock’s trend.

Now, here's the most fascinating thing about this stock: Ace investor Vijay Kedia holds a whopping 13.70 percent stake in the company, which translates to 35,69,024 shares. With the stock trading with gains of over 18 percent, up by Rs 69.85 compared to its close on Tuesday, this translates to a hefty gain of nearly Rs 25 crore.

This Small-Cap stock has been a multibagger, delivering robust gains of over 100 percent in the last year.

Disclaimer: The article is for informational purposes only and not investment advice.