Vijay Kedia gains Rs 26,17,44,714 from his favourite small-cap multibagger in just one day; check if you hold it
This stock has delivered a meteoric rise, transforming into a multibagger within the span of just one year, with its price surging by an astonishing 200 per cent.
In a remarkable display of resilience and dynamism, the Indian financial markets staged a dramatic recovery, spearheaded by the Nifty index surging over 150 points from its intraday low. The day culminated with Nifty and Sensex, the foremost barometers of market performance, notching up impressive gains of 0.26 per cent each. However, the true stars of this financial spectacle were the broader markets, as the Nifty Mid-Cap and Small-Cap indices showcased extraordinary vigor, registering impressive gains of 0.75 and 0.98 per cent, respectively.
Amidst this spectacular market performance, one particular stock emerged as a bona fide rocket, skyrocketing by a staggering 7 percent on Wednesday. What makes this ascent even more intriguing is the accompanying surge in trading volume, with this stock recording its highest single-day trading volume for the entire month of September.
Allow us to introduce you to Atul Auto Ltd, a distinguished manufacturer of three-wheelers under the esteemed Atul brand, encompassing both goods and passenger segments, along with a robust portfolio of spares, components, and allied products. The company is at the forefront of India's electric mobility revolution, epitomized by the recent launch of its revolutionary Mobili and Energie variants in the E-Three Wheelers segment. These groundbreaking vehicles are crafted with cutting-edge European technology, featuring advanced telematics and battery management systems (BMS) that set new benchmarks in the industry.
Astoundingly, this stock has delivered a meteoric rise, transforming into a multibagger within the span of just one year, with its price surging by an astonishing 200 per cent. However, what truly elevates the allure of this stock is the fact that the venerable investor par excellence, Mr. Vijay Kedia, has staked his confidence in the company. Holding a substantial 18.20 percent stake in his personal capacity, Mr. Kedia further bolsters his commitment to Atul Auto Ltd through his company, Kedia Securities Private Limited, which commands a formidable 2.71 per cent stake as per the shareholding report for the quarter ending on June 30, 2023. Additionally, it is worth noting that Kedia Securities embarked on a strategic acquisition spree in August, procuring approximately 4.3 lakh shares at an average price of Rs 450.14 per share. This astute investment strategy has culminated in Mr. Kedia's combined holdings amassing to an impressive 62.32 lakh shares.
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In tangible rupee terms, Wednesday's market spectacle witnessed this stock surging by a staggering Rs 42 per share, translating into an astounding earning of Rs 26.17 crore in a single day. Such monumental financial milestones are nothing short of awe-inspiring, and we invite you to share in the comments whether you are among the fortunate investors who have hitched their financial journey to this meteoric star in the Indian equity cosmos. The future indeed appears to be electrifying for Atul Auto Ltd and its investors.
Disclaimer: The article is for informational purposes only and not investment advice.