Vijay Kedia Makes Fresh Entry Into This Low-Debt Multibagger Stock; Buys 20 Lakh Shares Through Bulk Deals as Share Price Jumps 10%
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Kedia Securities purchased 20 lakh Zaggle shares at an average price of Rs 164.72, while multiple bulk transactions involving Juno Moneta Finsol, HRTI, Microcurves Trading and QE Securities were recorded on August 18.
✨ Key Takeaways
On Wednesday, Indian equity benchmark indices traded lower, with the Nifty 50 index declining 0.23 per cent, to 24,099.35. Amid the market movement, Zaggle Prepaid Ocean Services shares were trading at Rs 182.73, up 10.16 per cent. The stock's movement came amid multiple bulk transactions recorded in the company's shares on August 18, including a notable purchase by Kedia Securities Private Limited, the investment arm of investor Vijay Kedia.
Vijay Kedia-Backed Kedia Securities Buys 20 Lakh Shares
According to the bulk deal data, Kedia Securities Private Limited purchased 20,00,000 shares of Zaggle Prepaid Ocean Services at an average price of Rs 164.72 per share. The transaction was valued at approximately Rs 32.94 crore.
The purchase by Kedia Securities is particularly notable as the firm describes itself as the investment arm of Dr Vijay Kedia, with its primary activities including investments in listed and unlisted companies.
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Download Service BrochureOther Bulk Transactions Recorded
The bulk deal data also showed purchases by Juno Moneta Finsol Private Limited, HRTI Private Limited, Microcurves Trading Private Limited and QE Securities LLP. Juno Moneta Finsol purchased 8,74,417 shares at Rs 165.04, a transaction worth approximately Rs 14.43 crore.
HRTI Private Limited purchased 6,24,170 shares at Rs 164.79, valued at around Rs 10.28 crore, while Microcurves Trading Private Limited purchased 7,30,405 shares at Rs 165.53, amounting to approximately Rs 12.09 crore. QE Securities LLP purchased 11,82,069 shares at Rs 166.20, with the transaction valued at approximately Rs 19.65 crore.
The same bulk deal data also contains corresponding sell-side transactions involving several of these names. These repeated buy-and-sell entries have not been counted separately to avoid double-counting the same bulk activity.
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About Zaggle Prepaid Ocean Services
Zaggle Prepaid Ocean Services operates in the fintech and spend-management space, offering solutions covering business expense management, employee benefits, rewards and other corporate spending requirements. The company has developed platforms including Zaggle Save, Zaggle Zoyer and Zaggle Propel, and has partnerships with financial institutions and corporates.
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Disclaimer: The article is for informational purposes only and not investment advice.