Vijay Kedia bought new stake in this textile stock during the third quarter

The veteran investor has picked up fresh stake and currently holds 1.07% stake or 5,00,000 equity shares in the company till December 2022, according to the latest shareholding data released on BSE for the third quarter ended December. Kedia did not hold any stake in the company during the previous quarter July-September 2022.

Meanwhile, DSP Small Cap Fund holds 2.23% stake as of December 2022, while Abacus Emerging Opportunities Fund-1 holds 2.11% stake in the apparel maker.

Siyaram Silk Mills Limited (SSML) is a textile and apparel manufacturer, largely catering to the needs of Tier II and III cities. The Siyaram brand portfolio includes brands such as Siyaram (the flagship brand), Oxemberg, MSD and J Hampstead. Siyaram Silk Mills Limited was established in 1978 in India, and is a manufacturer of fabrics, readymade garments and other textile products. The stock has gained more than 25% in a span of one year.

The company informed in an exchange filing on Thursday that it has fixed Monday, February 6, 2023, as the record date for the purpose of determining the eligibility of shareholders for the second interim payment. Dividend for the financial year 2022-23, as may be declared by the Board of Directors at its meeting scheduled on Saturday, the 28th January, 2023.

Vijay Kishanlal Kedia He is one of the marquee investors and his portfolio and stakes are closely monitored by the stock market participants. According to Trendline data, the top investor holds 16 publicly traded stocks with a net worth of Rs. 720 crores.