Vaibhav Global, a jewelry stock that has seen its value drop by over 35% in the past six months, is still attracting interest from top investors. Vijay Kedia, a well-known investor, has increased his stake in the company from 2.01% to 2.02% during the April to June 2024 quarter. This move shows his confidence in the company’s future, even though another prominent investor, Ashish Kacholia, decided to sell some of his shares.
In the April to June 2024 quarter, Vijay Kedia owned 33.50 lakh shares of Vaibhav Global, which represents 2.02% of the company’s total shares. Earlier, in the January to March 2024 quarter, he held a slightly smaller stake.
On the other hand, Ashish Kacholia, who owned 17.48 lakh shares (1.06% of the company) in the January to March 2024 quarter, reduced his stake during the first quarter of the current fiscal year. It’s unclear whether he sold all his shares or just enough to lower his ownership below 1%. According to stock market rules, companies only need to disclose the names of shareholders who own 1% or more of the company’s shares.
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