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By Navdeep Singh

Shares of smallcap firm Precision Camshafts rallied 40% in two days after ace investor Vijay Kedia’s name appeared in the latest shareholding data of the auto components and equipment firm.

According to a BSE statement of the shareholding pattern as of the quarter ended March 2023, Kedia bought 10 lakh shares, translating into a 1.05% stake in the company.

At 10.25 am, the stock was trading 13% higher at Rs 144.6 over its last day’s closing price of Rs 127.9 apiece. It hit the day’s high at Rs 149. On a year-to-date basis, the stock has surged over 44%, while it has risen only 6% in the last one year.

Part of the Precision Group, Precision Camshaft is in the automotive components business. The company claims to be one of the largest camshaft manufacturers in the world — manufacturing all types of camshafts under one roof. The Pune-based com ..

As per the latest corporate shareholdings filed, Vijay Kishanlal Kedia publicly holds 16 stocks with a net worth of over Rs 724.2 crore, Trendlyne data showed.

Other stocks in which Kedia has holdings include Neuland Laboratories, Heritage Foods, Siyaram Silk Mills and Atul Auto.

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