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Vijay Kedia reduces its stake in this telecommunications action despite the return of the multibagger in 2021

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Vijay Kedia wallet: Tejas Network shares have provided exceptional returns to shareholders over the past year. Vijay Kedia stock jumped from ??78.55 each for ??497.60 in the past year, an increase of about 535% during this period. But the company’s recent share ownership model suggests the astute investor has scaled back his stake in this multibagger stock.

According to the company’s September shareholding, Vijay Kedia’s name did not appear on the list, which likely suggests that the ace investor either completely sold his stake in the company or reduced it to below $ 1. %.

According to the Tejas Networks shareholding model for September 16, 2021 available on the ESB website, the name of Vijay Kishanlal Kedia is not on the list of individual shareholders while the name of Kedia Securities still exists.

According to the latest stock ownership model, Vijay Kedia owns 39 shares of the Tejas lakh network through Kedia Securities while he likely sold his 11 lakh shares of the company in the July to September 2021 quarter. ‘April to June 2021, Vijay Kedia personally held 11 lakh shares of the company while his company Kedia Securities held 39 lakh shares of the company.

Listed companies are required to declare all shareholders holding more than 1% of the capital. It is therefore impossible to determine whether Vijay Kedia has completely withdrawn from the script or whether his stake has fallen below 1% in Tejas Networks. But it is certain that this investor as reduced his participation in the telecommunications company in a personal capacity between July and September 2021.

Tejas Network share price history

Telecommunications stock is one of the multibagger stocks in 2021. It has returned around 16% return to its shareholders in the last month while in the last 6 months it has generated a return of almost 180 %. Likewise, since the start of the year (YTD), the share in the Vijay Kedia portfolio has returned around 260%.

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