Vijay Kedia Portfolio: Multibagger stock hits life-time high. Buy, Sell or Hold?

Speaking on the reason for the rally in this Vijay Kedia Portfolio Share, Puneet Patni, Equity Research Analyst at Swastik Investmart said, “Elecon Engineering Co. Ltd. will be one of the biggest beneficiaries of the current revival of CAPEX cycle and the upcoming Industrial CAPEX. The company is one of the market leaders in the industrial sector. Cash The gear segment and material handling equipment is witnessing a complete revamp due to a shift in management focus to improve flow and profitability. Most of the companies in the manufacturing segment have announced or shown an intention to expand capacity. There has been a dismal on the industrial growth front, however, the status quo is expected to change for the manufacturing sector, due to current high capacity utilisation, government CAPEX and infra spending, and rising housing demand. The price is mostly positive and we expect a limited bounce from the current price.”

Anticipating further upside in this Vijay Kedia stock, Mudit Goyal, Senior Research Analyst, SMC Global Securities said, “The multibagger stock The chart is making higher highs and higher lows in the pattern which means it is in an uptrend. it can go up In the short term, 360 each level and stock shareholders are advised to place the counter with a trailing stop loss 322 levels. However, fresh over the counter is not advised at current levels as the stock has already gained almost 40 per cent in the last one month.

Vijay Kedia’s stake in Alcon Engineering

As per the shareholding pattern of Alcon Engineering Company Limited for the quarter April to June 2022, Vijay Kedia holds 20,75,000 shares, which is 1.85 per cent of the total paid-up capital of the company.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

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