Vijay Kedia’s Portfolio Gains Rs 5,63,40,000 In Just 1 Day From This Multibagger Stock; Hit Upper Circuit & 52-Week High With Heavy Volume
The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 112.50 per share.
On Friday, the stock market ended the day in green with the BSE Sensex Index up 0.29 per cent and the NSE Nifty-50 Index up 0.27 per cent. Along with the market in green, a multibagger Small-Cap stock hit a 20 per cent upper circuit and made a new 52-week high of Rs 281.85 per share from its previous closing of Rs 234.90 per share. The shares of the company saw a spurt in volume by more than 6.42 times on BSE.
An ace investor, Vijay Kedia via his firm – Kedia Securities Pvt Ltd bought 12,00,000 shares at Rs 208.87 per share aggregating to Rs 25,06,44,000. In just 1 day, Vijay Kedia’s portfolio gains Rs 5,63,40,000 in just 1 day from this multibagger stock (12 lakh shares x Rs 46.95 per share gain today)
The buzzing stock name is GREAVES COTTON LIMITED
Greaves Cotton Limited (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a legacy of 165 years and strong brand trust. Originally renowned for its single-cylinder diesel engines, GCL has transformed into a fuel-agnostic, end-to-end mobility solutions provider, driven by the purpose of touching a billion lives by 2030 and enabling a sustainable transition to green mobility. Guided by its "Empowering Lives” mission, the Company is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.
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Through its five independent business units—Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance and Greaves Technologies—Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. With significant investments in technology and human capital, the Company is positioned to lead in India's EV and sustainable mobility markets. The Company remains committed to sustainable growth and economic progress, making it a trusted partner in shaping the future of mobility in India.
Greaves Cotton Limited has announced that its subsidiary, Greaves Electric Mobility Limited (GEML), has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its proposed initial public offering (IPO). The IPO includes a fresh issue of shares worth up to Rs 1,000 crore and an offer for sale by existing shareholders, including Greaves Cotton and Abdul Latif Jameel Green Mobility Solutions DMCC. The IPO proceeds from the fresh issue are intended to fund GEML's growth plans, such as expanding manufacturing, strengthening its distribution network, and investing in research and development.
The filing of the DRHP marks a significant milestone in GEML's IPO plans. The DRHP provides comprehensive information about GEML's business, financials, management, and risks. Interested investors are advised to thoroughly review the DRHP before making any investment decisions. The final details of the IPO, including the size, price band, and offer dates, will be determined later based on market conditions and regulatory approvals.
The company has a market cap of over Rs 6,500 crore. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 112.50 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.