As Elecon Engineering share price surged ₹25 apiece, Vijay Kedia's net worth in the counter rose ₹3.42 crore in the last 3 months
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Vijay Kedia portfolio: In the April to June 2021 quarter, ace investor Vijay Kedia added two new stocks in its portfolio - Elecon Engineering Company and Mahindra Holidays & Resorts India. The rally in the two mentioned stocks over the last 3 months helped its new investor Kedia's net worth surge significantly.
Elecon Engineering shares surged from ₹138 apiece to ₹164 in July to September 2021 quarter, logging ₹25.6 per equity share or around 18.50 per cent rise in last 3 months.
Vijay Kedia holds 13,37,722 Elecon Engineering shares, as of June quarter, which is around 1.19 per cent of the total issues of the net paid up capital of this company. With the surge in shares, Vijay Kedia's net worth in the counter grew by ₹3.42 crore ( ₹25.60 x 13,37,722) in last 3 months.
Mahindra Holidays & Resorts India share price history
The hospitality stock has surged from ₹166 apiece to ₹248, logging rise of ₹81.40 per equity share or near 50 per cent appreciation in last 3 months. As per the shareholding pattern of this company, Vijay Kedia holds 13,60,000 company shares, which is around 1.02 per cent of the total issues of the net paid up capital of the company.
As Mahindra Holidays & Resorts India share shot up ₹81.40 apiece in last 3 months, Vijay Kedia's net worth in this stock grew by ₹11.07 crore ( ₹81.40 x 13,60,000) in this period.
So, net rise in Vijay Kedia net worth due to inclusion of these two stocks in his portfolio is ₹14.49 crore ( ₹3.42 crore + ₹11.07 crore) in last 3 months.