Vijay Kedia portfolio: On account of Tata Sons subsidiary Pantone asserting to amass 43.30 percent stake in Tejas Networks and starting of 5G tendering course of, digital telecom infrastructure firm shares have hit 5 percent higher circuit right this moment. This Vijay Kedia inventory has surged around 21.50 percent within the final 5 commerce classes and a few inventory market consultants are predicting extra good points within the counter. They’ve suggested shareholders carry Tejas Networks shares as it might go as much as ₹450 per inventory ranges quickly.
Talking on the rationale for Vijay Kedia share value rally; Avinash Gorakshkar, Head of Analysis at Profitmart Securities stated, “This sharp rise in Tejas Networks share value in a previous couple of weeks might be attributed to 2 main causes — Tata group investing in Tejas Networks and starting of the tendering course of for 5G community in India. Tata Sons have not too long ago introduced that its subsidiary Pantone could be buying 43.30 percent stake in Tejas Networks. This means the corporate is having an enormous model like Tata behind it and getting 43.30 stake means so much for the corporate in the case of liquidity. Tejas is a dominant participant in telecom {hardware} gear manufacturing and after the start of the tendering course of for 5G community in India, Tejas is anticipated to get the advantage of this. That is why individuals are shopping for this inventory in bulk.”
Advising buyers to stay invested on this Vijay Kedia inventory; Sumeet Bagadia, Government Director at Alternative Broking stated, “Tejash Networks shares are nonetheless trying bullish on the chart and one ought to maintain the counter sustaining cease loss at ₹375 for the targets of ₹440 to ₹450.”
Vijay Kedia shareholding in Tejas Networks
As per the shareholding sample of this Vijay Kedia portfolio for Q1 FY 2021-22, Vijay Kedia has investments on this telecom inventory by his firm Kedia Securities. Kedia Securities holds 39 lakh shares of the corporate which is around 4.17 percent of the online firm shares.