Shares of Advait Energy Transitions Ltd surged over 16% in Wednesday’s trade after ace investor Vijay Kedia’s firm, Kedia Securities, bought 1 lakh shares of the company for ₹17.25 crore, translating to a 0.93% stake.
The stock jumped as much as 16.15% to ₹1,932, compared to the previous close of ₹1,663.35, with intraday highs touching ₹1,996, just below its 52-week peak of ₹2,260. Trading volumes stood strong at 96,823 shares, and the average price for the day was ₹1,938.13.
The transaction, executed in the open market, has renewed investor interest in Advait Energy, which focuses on energy transition solutions. The company’s shares opened at ₹1,860 and did not fall below that mark during the session, reflecting strong buying interest post the Kedia stake disclosure.
Market participants view Vijay Kedia’s entry as a vote of confidence in the company’s growth prospects amid India’s accelerating clean energy focus.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult certified financial advisors before making any investment decisions.
