Precision Camshafts shares jump 15% after Vijay Kedia picks up 10 lakh shares

Vijay Kedia, a prominent investor, has bought a 1.05% stake in Precision Camshafts, leading to a 15% jump in its shares. Kedia purchased 10 lakh shares according to the latest shareholding pattern, making him one of the company’s shareholders. Despite unfavourable market sentiment, Precision Camshafts shares reached Rs 118.80, up by Rs 15 from the Thursday closing price. Kedia also reduced his holdings in Tejas Networks by 0.3%, according to Trendlyne data. Tejas shares traded at Rs 645, up 0.84% from the previous close.