Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month

Kedia Securities, backed by ace investor Vijay Kedia, made a fresh entry into smallcap engineering company Eimco Elecon (India) during the June 2026 quarter, acquiring a 1.45% stake, equivalent to 83,930 shares, according to the latest shareholding data.

At the current market price of Rs 1,755 per share, the value of Kedia Securities' holding stands at approximately Rs 14.8 crore.

The stock has been on investors' radar lately, gaining nearly 15% over the past one month. Eimco Elecon currently commands a market capitalisation of around Rs 1,024 crore.

Vijay Kedia's listed portfolio

While shareholding disclosures for several companies are still awaited, the latest available data shows that Vijay Kedia publicly holds stakes in 23 listed companies, with a combined portfolio value exceeding Rs 1,369.7 crore. Among these, his largest investment by value is in Atul Auto, where his holding is worth around Rs 277 crore.

FII holdings increase

The latest shareholding pattern also indicates improving institutional interest in Eimco Elecon. Foreign Institutional Investors (FIIs) increased their stake from 3.10% in the March 2026 quarter to 3.25% in the June 2026 quarter.


Meanwhile, promoter holding remained unchanged at 48.96%, reflecting continued promoter confidence in the company.

According to Trendlyne’s SWOT analysis, Eimco Elecon stands out on several key fundamental parameters, reflecting a healthy financial position and improving business performance.

The company’s strengths include low debt levels, a consistent improvement in book value per share over the past two years, and zero promoter pledge, indicating a strong balance sheet and better financial discipline.

On the operational front, the company has reported revenue growth for three consecutive quarters, along with strong quarter-on-quarter EPS growth. Additionally, its rising net profit and improving profit margins highlight better profitability and operational efficiency.

These factors indicate improving business performance and a healthy financial profile.

Stock performance, valuation & technical indicators

Eimco Elecon has delivered solid returns to shareholders over the long term. While the stock has surged around 15% in the last one month, it has rallied nearly 170% over the past three years, more than doubling investors' wealth during the period.

The stock is currently trading at Rs 1,755, significantly below its 52-week high of Rs 2,588, while its 52-week low stands at Rs 1,405.50.

From a valuation perspective, the stock trades at a price-to-earnings (P/E) ratio of 26.1 and a price-to-book (P/B) ratio of 2.21.

On the technical front, the 14-day Relative Strength Index (RSI) stands at 55, indicating neutral momentum. Generally, an RSI below 30 is considered oversold, while a reading above 70 is considered overbought. The stock also maintains a positive technical setup, trading above 6 out of its 8 key simple moving averages (SMAs), suggesting that the broader trend remains constructive.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)