Vijay Kedia offloads 0.7% stake in Lykis Ltd, shares locked in lower circuit

Ace investor Vijay Kishanlal Kedia has offloaded shares worth 0.7 per cent stake in Lykis Limited, a consumer products manufacturer, for the quarter ended September 30, 2021. As per the September shareholding figures released on October 19 on BSE, Kedia now holds 18,07,911 shares aggregating to 9.3 percent stake in the company. The ace investor held 10 per cent stake in the company in June quarter, showed Trendlyne data.

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The shares of Lykis Limited touched lower circuit of Rs 32.25 in the Wednesday's intraday trade on BSE after shareholding pattern of the company came on Tuesday.  Lykis Limited stocks traded on 52-week high value of Rs 45.15 on BSE on 26 July 2021 and hit year low of Rs 22.85 on April this year.  

As per Stock Edge, Ace investor Vijay Kedia has taken position in two stocks in the September quarter. Vijay Kedia & Associates bought 39,00,000 shares of Tejas Network amounting to 3.42 per cent stake in the company in September quarter. Tejas Network is an optical, broadband and data networking products company based in India.

The ace investor also took fresh positions in Vaibhav Global with 1.3% stake comprising 3,000000 shares in individual capacity under public non-institutions category. Vaibhav Global is a multi-national electronic retailer and manufacturer of fashion jewelry and lifestyle accessories.  

About Lykis Ltd

Founded in 1984, Lykis is an optical, broadband and data networking products company based in India. The company offers simplified solutions for FMCG range of products by providing manufacturing support and end to end solution for private labelling. Lykis claims to has evolved as a key exporter with a working partnership of global network spanning over 30+ countries