Vijay Kedia Portfolio: Vijay Kedia portfolio stock hit a lifetime high after the Tata group firm’s open offer to buy 26 per cent stake in Tejas Network on Friday. ₹543.35 each. In this fast rally, Telecom Hardware Company also installed 5 percent upper circuit. Tejas Networks share price opened with today’s upper margin ₹25.85 per equity share is hitting both the all-time high and upper circuit.
According to stock market experts, Tata group companies are offering to buy 26 per cent stake in the company and the Made in India 5G launch are the two major long-term triggers that will boost this Vijay Kedia portfolio stock further. He said the stock has given a fresh breakout at ₹520 per equity stock level may go up to ₹600 level in the short term. He advised investors to start buying over the counter and keep depositing till the top trade is done. ₹520.
Speaking on the key triggers fueling the Tejas Network share price rally; Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “Tata group firms on Friday made an open offer to buy 26 per cent stake in Vijay Kedia Portfolio Company. Government of India) has already announced the Made in India 5G roll out and has allowed 25 telecom hardware parts to be manufactured by Indian telecom companies. Since Tejas Network is in the telecom hardware manufacturing business, its business volume It is expected to grow in the next two to three years as well. In fact, recently it has also got orders from Bharti Airtel.”
Avinash Gorakshakar of Profitmart Securities said that the Tata group companies’ offer to buy 26 per cent stake means they will come on the company’s board. In such a situation, the market is speculating that in the coming times, there may be some efforts by the Tata group companies to buy more stake in Tejas Network from other shareholders from the open market. Hence, the current buzz of getting more fuel from the market is that it may become a “Tata group company” in the future.
Advising investors to start buying Tejas Networks shares at the current market price; Sumeet Bagdia, Executive Director, Choice Broking said, “Tejas Networks shares have given fresh breakout. ₹520 levels. One can initiate buying momentum at the current market price and keep depositing as long as it remains above ₹520 levels. Telecom stock could rise ₹from 575 ₹600 in the short term. However, one must maintain a strict stop loss ₹510 Taking a position in this counter.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.