Investor Vijay Kedia holds a 4.73% stake in Gujarat-headquartered Ashutosh Fibre, which amounts to 10.35 lakh shares secured prior to its initial public offering. Calculated against the issue's upper price band of ₹92, his position has gained approximately ₹3.74 crore in notional value. The stock recently settled at ₹128.10 on the NSE, experiencing a 15.96% drop over the past month despite a 6.26% recovery in the past week. Ashutosh Fibre operates out of a facility in Petlad, manufacturing technical yarns for protective gear, filtration, and automotive fabrics.
Key points
Ashutosh Fibre has delivered significant share price appreciation over its initial public…: Ashutosh Fibre has delivered significant share price appreciation over its initial public offering upper band price of ₹92.
The stock has faced intermediate volatility, falling nearly 16 percent over the month des…: The stock has faced intermediate volatility, falling nearly 16 percent over the month despite a short-term weekly rebound.
Established in 1985, the company focuses on high-utility industrial niches like flame-ret…: Established in 1985, the company focuses on high-utility industrial niches like flame-retardant workwear and filtration materials.
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Vijay Kedia’s portfolio stock under ₹150: Ace investor Vijay Kedia portfolio stock, Ashutosh Fibre Limited, has delivered 6.26% return over the past week. He owns 10.35 lakh shares in the textile stock, which is equivalent to 4.73% stake in the firm.
Kedia held shares in Ashutosh Fibre before its initial public offering, and the textile stock's rally has significantly boosted the value of the ace investor's holding.
Vijay Kedia portfolio stock: How much wealth is generated with Ashutosh Fibre stock?
Ashutosh Fibre’s SME IPO was listed on exchanges in September this year. The IPO’s upper price band was fixed at ₹92 per share. Considering Ashutosh Fibre’s October 30 closing price, the stock has generated a notional gain of ₹3.74 crore.
Investors must note that Vijay Kedia held stakes in Ashutosh Fibre Limited even before the IPO launch, hence his original acquisition cost and profit from the stock may be different. The calculation only reflects his wealth appreciation from Ashutosh Fibre against the IPO issue price.
Ashutosh Fibre share price trend
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