Neuland Labs jumps over 11%

Vijay Kishanlal Kedia is a very well known and reputed investor in the Indian equities. He might not be a Rakesh Jhunjjunwala but his trades are also widely followed by the market punters.

His company, Kedia Securities has picked up a 2% stake in Neuland Labs – that is what the latest shareholding pattern shows.

Kedia Securities bought 2.5 lakh shares in the Q3FY20.

Promoters holding as at 31st Dec 2019 stood at 35.86%.

This news led to an over 11% spike up in the stock price of Neuland Labs to Rs.480.30 with volumes jumping up almost 13 times. Its 20% UC for today is at Rs.517.95.