Vijay Kedia takes stake in these 2 companies; stocks of this company surge over 600% in one year—Do you have any?

Ace investor Vijay Kedia has taken position in two stocks in the September quarter. In one of the companies, he has bought stock in his individual capacity, while the other has been acquired by his firm Vijay Kedia & Associates. Well, the stock in which Vijay Kedia & Associates took position has gained by whooping over 600% in one year.  

Vijay Kedia & Associates took fresh positions comprising 39,00,000 shares amounting to 3.42 per cent stake in Tejas Networks, showed the BSE September shareholding pattern of the company.  

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Tejas Network touched upper circuit of Rs 541.55 in the intraday trade on the BSE on Monday. The shares of Tejas network also saw spurt in volume by 2.49 times.

Tejas Networks Ltd shares closed Monday with marginal gain of 0.21 per cent on the BSE at Rs 516.90, up Rs 1.10. The stocks of Tejas Networks have made 52-week high of Rs 570.20 on BSE on October 5, 2021, while it surged from year low of Rs 67.10, which it hit on October 15, 2020.  

Source: Stock Edge

Tejas Networks, that makes optical, broadband and data networking products, witnessed its stocks making exemplary gains in the last one year, growing consistently month-on-month basis. The stocks gained by 22.25% in one month, 181.40% in 3 months, 213.21% in 6 months and massive 621.02% in one year.  

Founded in 2000 in Bangalore, the optical fiber company has presence in more than 10 countries and boasts of having more than 750 employees.  The mission of the company is to innovate leading edge, yet pragmatic telecommunications products and solutions.

Meanwhile, celebrity investor Kedia 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.

Vaibhav Global shares last traded on BSE at Rs 726.95, a gain of Rs 12.25 or 1.71%. Vaibhav Global one year high is placed at Rs 1057 on BSE.