Ace investor Vijay Kedia has trimmed stakes in two smallcap shares — Elecon Engineering and Talbros Automotive Elements — within the quarter ended December 31, 2023. The partial stake sale comes on the again of multibagger returns delivered by each these shares over the past 12 months.

The Kedia Securities chief has introduced his holding down by 13 foundation factors in Elecon Engineering to 1.47% within the December quarter from 1.60% within the September quarter. As for Talbros Automotive, his stake on the finish of the December quarter stood at 1.01% down 21 foundation factors from 1.22% in Q2 of FY2024.

Shareholding of particular person traders is mirrored within the ‘Shareholding Sample’ of BSE-listed firms solely when it reaches 1% stake or above in an organization.

Elecon Engineering has given returns of 161% over a one-year interval, which is a big outperformance over Nifty whose returns stand at a powerful 23% throughout the interval.

The Gujarat-based firm manufactures gearbox and materials dealing with gear. The seven-decade-old firm serves fertilizer, cement, coal, energy era, mining, chemical, metal, port mechanization, minerals & metals processing industries, amongst others.

The current rally has dragged the inventory into an overbought zone with momentum indicators RSI and MFI reported by Trendlyne round 78 and 80, respectively. Elecon can be buying and selling above its 50-day and 200-day easy shifting averages (SMAs).

As for Talbros Automotive Elements, the returns have been to the tune of 180% prior to now 1 yr. The inventory is now buying and selling above its 50-day and 200-day SMAs.Talbros is a diversified auto element participant with a presence throughout car classes in passenger and industrial autos, two-wheelers, three-wheelers, agricultural equipment, off-loaders and industrial autos. It manufactures gaskets, cast & machined components, rubber hoses, suspension components, amongst different issues.

Kedia’s portfolio is among the many most adopted within the Indian market and the investor started investing within the inventory market on the age of 19. In accordance To Trendlyne, the newest company shareholdings filed by Kedia reveals that he publicly holds 15 shares with a internet price of over Rs 1,518.9 crore.

A few of the shares in his portfolio embody Siyaram Silk Mills, Vaibhav International, Atul Auto, Tejas Networks and Mahindra Holidays & Resorts India.

Additionally Learn: Ashish Kacholia trims stakes in Finest Agrolife, yet one more smallcap inventory

(Subscribe to ETMarkets WhatsApp channel)

(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)