Shares of Indian small-cap engineering firm Eimco Elecon surged approximately 8% in Wednesday's trading session following the disclosure of a new institutional investment.
Kedia Securities, the investment firm associated with prominent investor Vijay Kedia, acquired a 1.45% stake in the company during the June 2026 quarter, according to shareholding data reported by Livemint.
25%. Meanwhile, the promoter group maintained a steady holding, indicating no dilution from insider selling.
The entry by Kedia Securities signals renewed institutional interest in the stock.
Foreign institutional investors (FIIs) also increased their holdings in Eimco Elecon during the same period, raising their aggregate stake to 3.25%.
Meanwhile, the promoter group maintained a steady holding, indicating no dilution from insider selling.
The move adds to a broader trend of buying pressure in Indian small-cap equities.