On October 14, Vijay Kedia purchased 100,000 shares of this multibagger auto company, and the stock increased by more than 10%.

On October 14, Vijay Kedia purchased 100,000 shares of this multibagger auto company, and the stock increased by more than 10%.

From its 52-week low of Rs 173.15 a share, the stock has increased by 47.3%, and over the last five years, it has produced multibagger returns of 785%.

With the NSE Nifty-50 Index up 0.66 percent and the BSE Sensex Index up 0.73%, the stock market finished Monday’s trading session in a positive state. A multibagger auto stock rose more than 10% to an intraday high of Rs 263 per share from its previous closing of Rs 237.70 per share, while the market was in the green. The company’s shares were up 7.32 percent and 1.71 times on the BSE at the closing bell, trading at Rs 255.10 a share. The 52-week high and 52-week low of the stock are Rs 289 and Rs 173.15, respectively.

Vijay Kedia, a seasoned investor, has extended his ownership in this car manufacturer through Kedia Securities Pvt Ltd. In September 2024, the company acquired 10,00,000 shares, or 1.05% of the total. Furthermore, Vijay Kedia personally holds an additional 10,00,000 shares, or 1.05% of the company. He currently owns 20,00,000 shares, or 2.10 percent, of the business as a consequence. Additionally, 20 lakh shares, or 2.11 percent of the corporation, are owned by Ajay Upadhyaya, another brilliant investor.

PRECISION CAMSHAFTS LTD. is the most popular stock name.

The firm was founded in 1992 and is one of the top producers and suppliers of camshafts in India and throughout the world. It provides about 150 different types of camshafts for use in locomotive engines, light commercial vehicles, tractors, and passenger cars.

With a market valuation of more over Rs 2,400 crore, the business is classified as a small-cap. The firm has been maintaining a solid dividend distribution of 22.3% and recorded positive figures in both its quarterly results (Q1FY25) and yearly results (FY24). With a 65.37 percent ownership, promoters own the majority of the business; FIIs, DIIs, and public shareholders own the remaining 34.63 percent. From its 52-week low of Rs 173.15 a share, the stock has increased by 47.3%, and over the last five years, it has produced multibagger returns of 785%.

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