MediumPositive
Announced Tue, 14 Jul · 08:00 IST
Why Vijay Kedia just bet on this small-cap mining stock
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Ace investor Vijay Kedia, through Kedia Securities Pvt. Ltd, acquired 83,930 shares of small-cap mining equipment maker Eimco Elecon (India) in the June 2026 quarter, valued at around ₹150 million at quarter-end. This is a fresh purchase, as he held no stake in the previous quarter. The company reported Q1 FY27 revenue of ₹775 million (up 14.6 percent year-on-year) and net profit of ₹154 million (up 6.2 percent), and recently launched battery-powered underground mining vehicles to tap the shift away from diesel-powered equipment.