On Monday, the share price of Precision Camshafts Ltd, a small-cap stock, saw a surge of over 17% per cent within a few minutes of the stock market opening, following the news that the name of renowned investor Vijay Kedia had appeared in the latest shareholding data of the company.

According to the shareholding pattern data for January to March 2023, Kedia is shown to own 10 lakh company shares, which amounts to 1.05 per cent of the company’s total paid-up capital. However, it is interesting that Kedia’s name did not appear in the company’s shareholding pattern for the October to December 2022 quarter, indicating that he may have bought a fresh stake in the company during the recently ended quarter.

His appearance in the company’s shareholding pattern may have encouraged other retail investors to follow suit, leading to the sudden surge in buying interest in the early morning session.

It is also important to mention that the shareholding pattern of a company provides valuable information for investors, as it shows the ownership structure of the company and the percentage of shares held by various investors. The presence of well-known investors like Kedia may also positively impact the company’s image, as it is seen as an endorsement of the company’s growth prospects.

At 2:30 pm, Shares of Precision Camshafts were trading at Rs 125.30 apiece, up Rs 18.8 or 17.65% from the last close.