Vijay Kedia portfolio: Tejas Networks, a stock included in Vijay Kedia’s portfolio, has hit upper circuit in the fourth consecutive trading session today. The stock of Tejas Networks opened today 5 percent above its Friday closing and in intraday it got locked at the upper circuit of Rs 470.45. All this happened within minutes of the market opening.
Market experts believe that this multibagger stock included in Vijay Kedia’s portfolio will see further gains. Because Tata Group has announced the acquisition of 64 per cent stake in Saankhya Labs Pvt Ltd, while Tejas Network can acquire 35.60 per cent stake in Saankhya Labs. With this acquisition, telecom hardware company Tejas Networks is preparing itself to grab a bigger share in the market. The full indigenous Made in India 5G rollout going forward will be a great growth opportunity for the company.
According to the news published in Mint, Manoj Dalmiya of Proficient Equities says that expansion in 5G technology and acquisition in Saankhya Labs can bring very good results for the company and the company can see big business opportunities going forward in the market.
Similarly, Ravi Singh of Share India says that the acquisition in Saankhya Labs will expand the wireless portfolio of Tejas Networks as well as increase the company’s customer base in domestic and overseas markets.
Ravi Singh says that the chart pattern of Tejas network is looking very good. The stock is in a cycle of transition from swing low of Rs 360 to higher highs and higher lows. Apart from this, other momentum indicators are also indicating further rise in this stock.
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.
Share price history of Tejas Networks
Shares of Tejas Networks have proved to be the multibagger of 2021. In the last 1 year, this lion has given a return of about 170 percent and has increased from Rs 175 to Rs 470.
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