Vijay Kedia portfolio: The week that was: Smallcap soars 37% after Vijay Kedia buys stake


NEW DELHI: Domestic stocks were in for a roller-coaster ride last week, thanks to Budget-induced volatility. While the largecap benchmark indices gained 2.4-2.5 per cent each for the week, a host of midcap and smallcap stocks saw sharp price movements. The best performing among them surged 48 per cent during the week. A few tanked in double digits as well.

Here’s a list of stocks that buzzed the most during the week:

Ambika Cotton: Shares of Ambika Cotton Mills climbed 37 per cent for the week to Rs 2,724.90. Ace investor Vijay Kedia reportedly bought nearly one per cent stake in the company through the open market on Thursday. The scrip is up 182 per cent in the past one-year period, data showed.

Mas Financial: This stock surged 32 per cent during the week to Rs 659.05 on Friday on better than expected third quarter results. Analysts said the NBFC exhibited a healthy asset quality profile despite high exposure to micro/SMEs. It also witnessed a sharp recovery in disbursements and AUM growth. Post earnings, Motilal Oswal Securities suggested a target of Rs 800 on the stock.

DB Realty: This stock jumped 27.56 per cent for the week to Rs 100.90 a piece. That included back-to-back upper circuits this week. Godrej Properties was looking to invest Rs 400 crore through warrants to acquire a 10 per cent stake in DB Realty and about Rs 300 crore infusion in a JV. But late on Friday, Godrej Realty called off the deal. The stock would be in focus on Monday.

AGS Transact Technologies: After having a flat listing at Rs 176 on Monday, shares of AGS Transact could not recover and instead closed the week at Rs 165.60, ending the debut week 5.4 per cent lower over its issue price of Rs 175.

Deepak Fertilisers: A doubling of Q3 profit sent Deepak Fertilisers shares up by 20 per cent in the December quarter. The company’s consolidated net profit came in at Rs 180.61 crore for the third quarter compared with Rs 88.95 crore in the same quarter last year. The company said a shift of global supply chain trend towards India is driving strong demand for nitric acid from downstream customers.

Godrej Properties: The scrip fell 8 per cent to Rs 1,506.55 after announcing the DB Realty deal, which received a thumbs down from analysts, who were concerned over the ‘convoluted’ deal and risk-prone slum rehab projects. As suggested above, the company later called off the deal.

VRL Logistics: This stock climbed 20 per cent for the week to Rs 531.25 after the company reported a 52.21 per cent rise in its net profit at Rs 60.49 crore for the third quarter. Total income for the quarter rose 20.18 per cent to Rs 683.30 crore, VRL Logistics said.

HPCL: Inventory losses led to a 63 per cent drop in net profit for HPCL, dragging its shares by 10 per cent for the week. Net profit in October-December stood at Rs 869 crore, as compared with Rs 2,355 crore for the same period last year, the state-run OMC said.

Bharat Road Network: While there was no company specific development for the week, the BOT company which focuses on development, implementation, operation and maintenance of roads/highways, jumped 48 per cent for the week to Rs 54.40, probably due to Budget announcement that the National Highway network would be expanded by 25,000 km in FY23 and another Rs 20,000 crore will be mobilised for completion of projects.


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