Multibagger Vijay Kedia stock jumps after consolidation. Should you purchase?

Vijay Kedia portfolio: Amid heavy selloff in international fairness market because of the adverse sentiments brought on by Russia-Ukraine war, some high quality Indian shares have turn out to be obtainable at at engaging valuations. Tejas Networks is one such stock, which has shed greater than 12 per cent in final one month. However, this Vijay Kedia portfolio stock continues to be among the many multibagger shares in India. This multibagger telecom {hardware} stock has proven some upside motion in latest periods and stock market specialists are of the opinion that positional traders ought to begin accumulating the multibagger stock from present ranges for one yr goal of 520 apiece ranges.

Advising purchase on dips technique to positional traders in regard to this multibagger stock in Vijay Kedia portfolio; Sumeet Bagadia, Executive Director at Choice Broking mentioned, “This multibagger stock is currently trading in the range of 380 to 450 apiece levels. One can buy the counter at current levels and keep on accumulating till it is above 380 levels. For those positional investors who want to take position in one short, they are advised to wait for some dip and take position around 390 to 400 levels maintaining stop loss at 375 levels.”

Highlighting essential triggers for this multibagger stock; Ravi Singhal, Vice Chairman at GCL Securities mentioned, “Due to selloff caused by Russia-Ukraine war, FIIs position in Nifty 500 has come to 2012 levels and a good number of quality stocks have come to an attractive valuations. It’s an ideal moment for positional investors to take long positions as I don’t see market to make its bottom soon provided Russian president Vladimir Putin doesn’t use nuclear weapon to force Ukraine troops and leadership to surrender. Apart from the current short term sentiment, 5G roll out is going to help this company a lot as this will be a 100 per cent ‘Made In India’ roll out and in that case being a telecom hardware company, it is expected to witness huge jump in business volume. So, one can buy Tejas Networks shares for both short term to long term horizon.”

Asked about Tejas Networks share value goal, Ravi Singhal of GCL Securities mentioned, “Short term investors can buy this stock for 440 to 450 targets whereas long term investors can hold this Vijay Kedia portfolio stock for 9-12 month target of 520 per equity share.”

Tejas Networks share value historical past

This Vijay Kedia portfolio stock is without doubt one of the multibagger shares in 2021 however the stock has been below selloff warmth after ushering in New Year 2022. In final one month, it has shed greater than 12 per cent whereas in year-to-date (YTD) time, this multibagger stock has misplaced round 4 per cent giving zero return to its shareholders.

Vijay Kedia shareholding in Tejas Networks

As per shareholding sample of Tejas Networks for Q3FY 2021-22, Vijay Kedia has funding on this firm via Kedia Securities Ltd. Vijay Kedia’s firm Kedia Securities Ltd. owns 39 lakh Tejas Networks shares or 3.42 per cent stake within the firm.

Disclaimer: The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint.

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