Vijay Kedia portfolio stock climbs new peak. Should you buy or hold?

Category: Business

Vijay Kedia portfolio After Tata group enterprise’s open offer to buy a 26 percent stake in Tejas Networks on Friday, the Vijay Kedia portfolio stock hit its lifetime high of ₹543.35 apiece. In this sharp rally, the telecom paraphernalia company hit 5 percent upper circuit as well. Tejas Networks’ share price moment opened with an upside gap of ₹25.85 per equity share hitting both all-time high and upper circuit. According to stock demand experts, Tata group enterprises offering to buy a 26 percent stake in the company and Made in India 5G roll eluding are the two major long-term triggers that are going to further fuel this Vijay Kedia portfolio stock. They said that the stock has given fresh escape at ₹ 520 per equity stock places and may go up to ₹ 600 places in the short- term. They advised investors to initiate impetus buy in the counter and keep on accumulating till is trading above ₹ 520. Speaking on the major triggers fueling Tejas Networks share price rally; Avinash Gorakshkar, Head of Research at Profitmart Securities said, “On Friday, Tata group companies have given an open offer to buy 26 percent stake in this Vijay Kedia portfolio company. This has sparked a fresh alarm in the telecom stock. Apart from this, the Government of India (GoI) has before trumpeted Made in India 5G roll out and it has allowed 25 telecom tackle zone manufacturing by the Indian telecom companies. Since Tejas Networks is in the telecom tackle manufacturing business; its business volume is hoped to continue growing in the succeeding two to three vintages. In fact, it has new got an order from Bharti Airtel as well.”