Shares of Eimco Elecon, backed by Vijay Kedia, fell 15% in two sessions after reporting sharp declines in quarterly profit and revenue. Despite a recent stake purchase by Kedia, the smallcap stock remains volatile, trading below key moving averages amid broader market corrections. The marquee investor Vijay Kedia picked up a stake worth Rs 11 crore in Eimco Elecon on Tuesday via a bulk deal
Originally published by The Economic Times https://economictimes.indiatimes.com/markets