Vijay Kedia portfolio: Tejas Networks, which is included in Vijay Kedia’s portfolio, is seeing a steady rise. The company recently said that it has entered into an agreement to acquire 64.4 per cent stake in Saankhya Labs Private Ltd. Due to this news, enthusiasm has been seen in this stock. Apart from this, experts about this telecom hardware company expect that it will also benefit from Tata Investment and Made in India 5G rollout. In such a situation, there is a lot of bullish view on this stock included in the portfolio of Dalal Steet Vijay Kedia. Significantly, this stock was in the consolidation phase for the last 6 months, since then it has seen a sudden rise and has been hitting the upper circuit for the last 3 trading sessions.
Ravi Singh of Share India says that the stock has been in bullish mode ever since an agreement was signed to acquire 64.4 per cent stake in the company with an investment of Rs 283.94 crore by Saankhya Labs Private Ltd. Saankhya is a Wireless Communications and Semiconductor Solutions Company based in Bangalore. The acquisition of Saankhya will increase the customer base of wireless services from Tejas network at home and abroad.
Ravi Singh says that the chart pattern of Tejas network is looking very good. The stock is in a cycle of making higher highs and higher lows from swing low of Rs 360. The stock has closed above all its moving averages on the daily chart. Apart from this, other momentum indicators are also indicating further rise in this stock.
Share price history of Tejas Networks
If you look at the share price history of Tejas Networks, then for the last 6 months consolidation is being seen in this stock. Despite this, it has given a return of 155% to its investors.
Vijay Kedia’s stake in Tejas Network
According to the shareholding pattern of Tejas Networks, Vijay Kedia has invested in Tejas Networks through his company Kedia Security Private Limited in the October-December 2021 quarter. Kedia Security holds 3.9 million shares (3.42 per cent) in Tejas Networks.
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