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

Ace investor Vijay Kedia has picked up a stake in smallcap Eimco Elecon worth around Rs 14.8 crore at Rs 1,755 per share. FIIs raised their holding from 3.10% to 3.25% in the June 2026 quarter, while promoter holding remained steady at 48.96%. The stock has gained nearly 15% over the past month and about 170% over three years, supported by low debt, zero promoter pledge, and three consecutive quarters of revenue growth.