Renowned investor Vijay Kedia has once again demonstrated his conviction in value investing by acquiring a substantial stake in a smallcap company, signaling confidence amid market volatility.
In a strategic move on October 7, 2025, marquee investor Vijay Kedia, through his investment firm Kedia Securities Private Ltd, purchased 57,400 shares of Eimco Elecon (India) Ltd via a bulk deal on the Bombay Stock Exchange. The acquisition, valued at ₹11 crore, was executed at ₹1,906.71 per share—representing a 4.4% premium over the previous day’s closing price of ₹1,825.55.
Stock Reaction and Market Sentiment Following the transaction, Eimco Elecon’s stock surged 5%, closing at ₹1,917.50. The rally reflects renewed investor interest, especially as the stock had corrected nearly 34% over the past year and remains 77% below its 52-week high of ₹3,394.75.
Despite recent volatility, the stock has delivered a staggering 426% return over the last three years, far outperforming benchmark indices like the Nifty (45%) and BSE Sensex (41%).
About Eimco Elecon Founded in 1974 and publicly listed in 1992, Eimco Elecon is headquartered in Vallabh Vidyanagar, Anand, Gujarat. The company specializes in manufacturing and marketing equipment for underground and opencast mining operations. Its 15-acre facility produces high-tech machinery such as Side Dump Loaders and Load Haul Dumpers, serving both domestic and international markets.
Financial Snapshot In the quarter ended June FY26, Eimco Elecon reported a net profit of ₹14.48 crore, slightly down from ₹14.87 crore in Q4FY25. Revenue stood at ₹67.56 crore, marking a 5% sequential increase but a 3% decline year-on-year.
Strategic Implications Kedia’s investment underscores his “buy on dips” philosophy, targeting fundamentally strong companies during price corrections. With Eimco Elecon trading below its 50-day and 200-day moving averages, the timing suggests a calculated bet on long-term value.
As market watchers speculate on the next multibagger, Kedia’s move could reignite interest in quality smallcap stocks with strong fundamentals and growth potential.
