Eimco Elecon Share Price Rises 8%; Vijay Kedia Buys ₹11 Crore Stake

Marquee investor Vijay Kedia, through his company Kedia Securities Private Ltd, picked up a stake worth ₹11 crore in Gujarat-based Eimco Elecon (India) on Tuesday via a bulk deal.

Over 57,400 shares were acquired at ₹1,906.71 apiece, which is 4.4% higher than Monday’s closing price of ₹1,825.55 on the BSE. Following the purchase, the stock surged 5% and ended at ₹1,917.50.

About Eimco Elecon

Eimco Elecon (India) is engaged in manufacturing and marketing equipment for underground and opencast mines. Incorporated in 1974 and listed in 1992, the company operates from Vallabh Vidyanagar, Anand, Gujarat, over a 15-acre facility.

Stock Performance and Rationale

On October 8, 2025, Eimco Elecon share price (NSE: EIMCOELECO) opened at ₹2,100.00, up from its previous close of ₹1,917.50. At 10:22 AM, the share price of Eimco Elecon was trading at ₹2,071.00, up by 8.01% on the NSE. The stock’s day’s high stood at ₹2,158.80 (so far). The 52-week high for Eimco Elecon was ₹3,395.05 on Oct 17, 2024, and the 52-week low was ₹1,301.00 on Apr 7, 2025.

Financial Performance

Eimco Elecon reported a net profit of ₹14.48 crore in the June-ended quarter, slightly down from ₹14.87 crore in Q4FY25 and ₹14.78 crore in Q1FY25. Revenue for the quarter stood at ₹67.56 crore, up 5% sequentially from Q4FY25 but down 3% year-on-year.

Also Read: Monthly SIP of ₹5,000 vs ₹10,000: Which Works Better to Reach ₹1 Crore?

Conclusion

Vijay Kedia’s stake acquisition in Eimco Elecon signals confidence in the company’s long-term prospects despite recent stock corrections.

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