Vijay Kedia’s shares hit the upper circuit for the second consecutive session. do you have

In the last trading session also, the stock had hit the upper circuit of 10 per cent. Telecom Hardware stock has witnessed a pick-up in volumes in the recent sessions which is reflected in its stock performance on NSE and BSE. However, stock market experts are still bullish on the counter and expect the stock to take a hit 555 level in the next one to two months.

Speaking on the Vijay Kedia Portfolio Stock; Sumeet Bagdia, Executive Director, Choice Broking said, “One can buy the stock for an immediate short-term target. from 500 Maintaining a stop loss at 525 425 each level.” He added that the stock has seen an uptrend in volume in recent trading sessions and this is reflecting its sharp uptrend on the exchanges.

Advise positional investors to hold Tejas Network shares for medium to long term; Ravi Singhal, Vice Chairman, GCL Securities said, “The outlook for Tejas Network shares is extremely bullish. From a fundamental perspective, the telecom hardware stock is expected to emerge as the major gainer post the 5G roll-out in India. Hence, The stock can see a sharp rise in its turnover from April onwards and hence it is a stock that one should add to one’s portfolio for a long time.However, for immediate short-term to short-term, one can hold the stock 555 level, which is likely to be achieved in the next one to two months.”

Vijay Kedia’s stake in Tejas Network

As per the shareholding pattern of Tejas Network for the period ended 29 October 2021, Vijay Kedia through his company Kedia Securities has invested in Telecom Hardware Company. Vijay Kedia’s Kedia Securities holds 3.9 million shares or 3.42 percent stake in Tejas Network in the company. The company’s shareholding pattern for Q3FY22 is still awaited.

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