Indian ace investor and stock market trader Vijay Kedia has increased his stake in his portfolio stock Aleccon Engineering Company Limited during the second quarter of the current financial year (Q2 FY23) as his stake was held by him in the previous quarter of June 2022. Was.
According to the most recent shareholding data for the quarter ended September released on BSE, the veteran investor holds 1.94% stake or 21,75,000 equity shares in the company as on September 2022, which is higher than 1.85% stake or 20,75,000 shares. He Vijay Kedia was conducted in the previous quarter of the period April-June 2022.
Shares of Alcon Engineering have given multibagger returns of over 120% in one year period, while multibagger stock So far in 2022 (Year-to-date or YTD) has increased by over 90%.
ELECON ENGINEERING COMPANY LIMITED was established in the year 1951, engaged in manufacturing of Industrial Geared Motors & Reducers, Material Handling Equipment, Mining Equipment, Casting Processes etc. Elecon is one of the largest manufacturers of material handling equipment and industrial gear in Asia. , It is the first in India to manufacture sophisticated equipment for bulk material handling.
Product solutions include designing, manufacturing, supplying, manufacturing and commissioning of its products. Elecon has two business segments – Transmission Equipment and Material Handling Equipment.
Manufacturer of Industrial Gear Systems and Material Handling Equipment as seen in Consolidated Revenue for FY 2012 12.03 billion. Speaking on this, Prayasvin Patel, CMD, Alcon said, “The company plans to achieve a growth of ~25% in FY 2013 and we envisage to sustain the growth of the last few years which will only grow further. will improve. We have identified growth potential in different regions of America, Canada, Africa, Europe and West Asia and are taking various strategic steps to achieve this. Our wide range of industrial gear applications caters to various industries in the sectors of steel, cement, power, sugar, mining, defence, and similar infrastructure.
Vijay Kishanlal Kedia is among the marquee investors and his portfolio and stakes are closely monitored by stock market participants, according to Trendline, an ace investor with a publicly held net worth of over 16 stocks. 777 crores.
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