Small cap engineering stock surges 8% after Vijay Kedia-backed Kedia Securities picks up 1.45% stake

Shares of Eimco Elecon (India) surged around 8% to an intraday high of ₹1,905.50 after shareholding data showed Kedia Securities, backed by ace investor Vijay Kedia, acquired an 83,930-share stake worth approximately ₹14.8 crore (1.45%) in the June 2026 quarter. Foreign Institutional Investors also raised their holding to 3.25% from 3.10% sequentially, while promoter holding stayed steady at 48.96%. The smallcap engineering stock has gained nearly 15% over the past month but is still down 26% over one year, though it has delivered multibagger returns of around 295% over five years.