Latest news with #Kedia
Time of India
2 days ago
- Business
- Time of India
Vijay Kedia exits Tata stock after making multibagger returns in 5 years
Vijay Kedia appears to have exited Tejas Networks after a stellar 975% return in five years, as his name is missing from the latest BSE shareholding data. The exit aligns with weak Q1FY26 results, where the company reported a sharp drop in revenue and a net loss of Rs 194 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tejas Networks Q1 results Tejas Networks share price performance After delivering a 975% return over the last five years, veteran investor Vijay Kedia appears to have exited his position in Tata Group-backed Tejas Networks , as his name no longer features in the latest public shareholding data uploaded on the BSE for the quarter ended June 30, move comes nearly five years after he first gained exposure to the telecom equipment per the shareholding pattern for the June 2025 quarter, Kedia Securities — under which Kedia held his stake — was not listed among public shareholders. In the preceding quarter ending March 2025, he held 18 lakh shares or a 1.02% stake in the name dropping off the list could indicate a complete exit or a reduction in holdings to below 1%, which doesn't require public of Tejas Networks fell 3.3% today, hitting a new 52-week low of Rs 605 on the sharp fall in the stock also follows the company's first-quarter earnings, where it reported a net loss of Rs 194 crore for Q1FY26 — a steep reversal from a profit after tax (PAT) of Rs 77 crore in the same quarter last for Q1FY26 stood at Rs 202 crore, an 87% year-on-year decline from Rs 1,563 crore in Q1FY25. For the full year FY25, revenue was Rs 8,923 read: Sebi shares Jane Street probe details with SEC Over the past one year, the stock has declined by 51.87%, while on a year-to-date (YTD) basis, it is down 48.10%. The stock has also registered a 44.14% loss over the last six months. In the most recent three-month and one-month periods, it has fallen by 30.93% and 12%, respectively.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Vijay Kedia exits Tata stock after making multibagger returns in 5 years
Live Events Tejas Networks Q1 results Tejas Networks share price performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After delivering a 975% return over the last five years, veteran investor Vijay Kedia appears to have exited his position in Tata Group-backed Tejas Networks , as his name no longer features in the latest public shareholding data uploaded on the BSE for the quarter ended June 30, move comes nearly five years after he first gained exposure to the telecom equipment per the shareholding pattern for the June 2025 quarter, Kedia Securities — under which Kedia held his stake — was not listed among public shareholders. In the preceding quarter ending March 2025, he held 18 lakh shares or a 1.02% stake in the name dropping off the list could indicate a complete exit or a reduction in holdings to below 1%, which doesn't require public of Tejas Networks fell 3.3% today, hitting a new 52-week low of Rs 605 on the sharp fall in the stock also follows the company's first-quarter earnings, where it reported a net loss of Rs 194 crore for Q1FY26 — a steep reversal from a profit after tax (PAT) of Rs 77 crore in the same quarter last for Q1FY26 stood at Rs 202 crore, an 87% year-on-year decline from Rs 1,563 crore in Q1FY25. For the full year FY25, revenue was Rs 8,923 read: Sebi shares Jane Street probe details with SEC Over the past one year, the stock has declined by 51.87%, while on a year-to-date (YTD) basis, it is down 48.10%. The stock has also registered a 44.14% loss over the last six months. In the most recent three-month and one-month periods, it has fallen by 30.93% and 12%, respectively.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
17-07-2025
- Business
- Mint
Gold-Silver ratio crashes nearly 20% from recent high. Will silver price outshine MCX gold rate this year?
The Gold-Silver Ratio (GSR), a key indicator used to measure the relative strength of silver to gold, has plunged nearly 20% in recent months — from a peak of 107 to around 88 currently — signalling a sharp outperformance of silver compared to gold. The drop in the ratio is driven by a contrasting trend in prices of the two precious metals. While MCX gold prices have declined nearly 2% in the past one month, silver prices have surged more than 7% over the same period. MCX silver price recently hit a record high of over ₹ 1,15,000 per kg. 'A steep fall in the Gold/Silver Ratio shows silver's significant outperformance, which usually hints at a broader shift in momentum toward risk-on behaviour in metals,' said Ajay Kedia, Director at Kedia Advisory. 'With abating uncertainties around US tariffs and geopolitical tensions easing, and with a favourable demand-supply outlook, silver is likely to continue outperforming gold this year.' According to Kedia, the GSR has broken down from its consolidation range of 90–91 on the charts, indicating further downside. He expects the ratio to drop towards 82.74 in the coming months. 'This implies that silver will continue to outperform gold in the near to medium term,' he said. Technically, resistance for the GSR is now seen at 90.42 and further up at 98.06, while the downside support lies at 82.74. Echoing a similar sentiment, Jigar Trivedi, Senior Research Analyst at Reliance Securities, said the nearly 20% crash in the GSR is a strong signal of silver's catch-up move after a period of undervaluation. 'Silver is both a monetary and industrial metal. Its long-term prospects are boosted by the global green energy push, inflation narratives, and a shifting stance by central banks,' he said. On price outlook, Kedia said that silver faces resistance around the $40 per ounce level, but a breach above could lead it to $42 – $43 levels. For MCX silver, he has set a target of ₹ 1,30,000 per kg for 2025, provided prices sustain above ₹ 1,15,000. In the short term, however, silver prices could see a dip towards ₹ 1,06,000 – ₹ 1,02,000 — levels which he believes offer a good buying opportunity. Gold prices, on the other hand, may continue to remain under pressure. Kedia expects MCX gold rate to trend lower, ending the year around ₹ 91,000 – 92,000 per 10 grams. Jigar Trivedi expects silver prices to trade in the range of $38 – $44 per ounce over the next four to six months. On MCX, his near-term forecast pegs silver prices in the ₹ 1,20,000 – ₹ 1,25,000 range, with a bullish long-term outlook. As industrial demand for silver strengthens — particularly from sectors like solar, EVs, and electronics — the white metal appears well-placed to continue its rally, outperforming its yellow counterpart in the months ahead. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
13-07-2025
- Business
- Business Standard
IBA pitches for ₹10,000 per unit subsidy for household biogas plants
Indian Biogas Association has pitched for a scheme to provide ₹10,000 per unit subsidy for reviving 5 million biogas units, which are ready with basic infrastructure, saying it can spur mass adoption of the cleaner fuel, especially in rural India. Indian Biogas Association (IBA) Chairman Gaurav Kedia told PTI that the overall government spend on the scheme would be ₹5,000 crore, which could be recovered in two years. He stated that IBA has called for the government to lead a bold, forward-looking attempt to support 5 million biogas units across the country. Infrastructure for these units is already in place and incentives are needed to spur mass adoption in rural India, he noted. "A focused, mission-driven approach like Swachh Bharat Abhiyan can deliver meaningful results in this direction. Most of these systems are underutilized or idle because of insufficient funding, maintenance, and long-term incentives. It is high time we move from potential to performance and convert biogas into a real household fuel of the future. IBA calls for a policy revolution to make biogas systems not only accessible but rewarding," he said. As under the Swachh Bharat Mission (Gramin), where the Government of India provides a subsidy of ₹12,000 to eligible rural households for constructing individual household toilets (IHHL), a similar model could be considered for reviving small biogas plants, assuming a revival cost of approximately ₹10,000 per unit, he suggested. He informed that the IBA will propose to the government a one-time grant of ₹10,000 per plant to restore non-operative units to bring dead assets to life, increase clean energy production and enhance the return on public and private sector investments. Given that rural Biogas plants can substitute the subsidized LPG cylinde₹being provided to rural households (12 cylinders per year at ₹603 per cylinder under the Ujjawala Yojana), Biogas can replace free LPG cylinders each year and could help save around ₹3,618 crore per year -if all these 5 million biogas plants become functional, he pointed out. This provides the assurance of continuous cooking fuel, enhances user confidence, and promotes large-scale acceptance by minimising the perceived risk of using biogas alone, he noted. Kedia suggested that the quarterly maintenance check-ups should be implemented by the government on biogas units to provide them with long-term viability and smooth operation. As most breakdowns occur due to minor, avoidable faults, regular check-ups will make plants operate at peak efficiency and enhance user satisfaction, he suggested. With this preventive measure, plant life will be extended, performance enhanced, rural employment created, and misuse of subsidies prevented, he stated. The proposed initiative is aimed at realising the potential of Biogas in India through the means of small-scale biogas plants scattered throughout the country. It is more about changing rural lives, managing solid waste, utilising the digestate as organic manure, and enabling a sustainable future at the grassroot level," Kedia said. One biogas plant can save almost 6 tonnes of CO2 annually and lower firewood use by 5 tonnes, curbing indoor air pollution and felling of trees. States, on the economic front, could save more than ₹50,000 crore jointly through improved waste management, healthcare cost savings, and import substitution. With the appropriate nudge, India can minimise reliance on LPG imports while building a circular, renewable energy economy. IBA will be presenting the proposal to the government soon, he pointed out. "If we get our investments right, India can become the world benchmark," said Kedia, adding that the IBA also urged harmonious integration of this proposed initiative with flagship programs such as GOBARdhan and SATAT, to facilitate easier implementation and impact. The IBA is the largest and professional biogas association for biogas industry stakeholders, including technology providers, project developers, plant operators and planners of biogas plants. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
13-07-2025
- Business
- Time of India
IBA seeks Rs 10,000 per unit subsidy for household biogas plants
Indian Biogas Association has pitched for a scheme to provide Rs 10,000 per unit subsidy for reviving 50 lakh biogas units, which are ready with basic infrastructure, saying it can spur mass adoption of the cleaner fuel, especially in rural India. Indian Biogas Association (IBA) Chairman Gaurav Kedia told PTI that the overall government spend on the scheme would be Rs 5,000 crore, which could be recovered in two years. He stated that IBA has called for the government to lead a bold, forward-looking attempt to support 50 lakh biogas units across the country. Infrastructure for these units is already in place and incentives are needed to spur mass adoption in rural India, he noted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo "A focused, mission-driven approach like Swachh Bharat Abhiyan can deliver meaningful results in this direction. Most of these systems are underutilized or idle because of insufficient funding, maintenance, and long-term incentives. "It is high time we move from potential to performance and convert biogas into a real household fuel of the future. IBA calls for a policy revolution to make biogas systems not only accessible but rewarding," he said. Live Events As under the Swachh Bharat Mission (Gramin), where the Government of India provides a subsidy of Rs 12,000 to eligible rural households for constructing individual household toilets (IHHL), a similar model could be considered for reviving small biogas plants, assuming a revival cost of approximately Rs 10,000 per unit, he suggested. He informed that the IBA will propose to the government a one-time grant of Rs 10,000 per plant to restore non-operative units to bring dead assets to life, increase clean energy production and enhance the return on public and private sector investments. Given that rural Biogas plants can substitute the subsidized LPG cylinders being provided to rural households (12 cylinders per year at Rs 603 per cylinder under the Ujjawala Yojana), Biogas can replace free LPG cylinders each year and could help save around Rs 3,618 crore per year -if all these 50 lakhs biogas plants become functional, he pointed out. This provides the assurance of continuous cooking fuel, enhances user confidence, and promotes large-scale acceptance by minimising the perceived risk of using biogas alone, he noted. Kedia suggested that the quarterly maintenance check-ups should be implemented by the government on biogas units to provide them with long-term viability and smooth operation. As most breakdowns occur due to minor, avoidable faults, regular check-ups will make plants operate at peak efficiency and enhance user satisfaction, he suggested. With this preventive measure, plant life will be extended, performance enhanced, rural employment created, and misuse of subsidies prevented, he stated. "The proposed initiative is aimed at realising the potential of Biogas in India through the means of small-scale biogas plants scattered throughout the country. It is more about changing rural lives, managing solid waste, utilising the digestate as organic manure, and enabling a sustainable future at the grassroot level," Kedia said. One biogas plant can save almost 6 tonnes of CO₂ annually and lower firewood use by 5 tonnes, curbing indoor air pollution and felling of trees. States, on the economic front, could save more than Rs 50,000 crore jointly through improved waste management, healthcare cost savings, and import substitution. With the appropriate nudge, India can minimise reliance on LPG imports while building a circular, renewable energy economy. IBA will be presenting the proposal to the government soon, he pointed out. "If we get our investments right, India can become the world benchmark," said Kedia, adding that the IBA also urged harmonious integration of this proposed initiative with flagship programs such as GOBARdhan and SATAT, to facilitate easier implementation and impact. The IBA is the largest and professional biogas association for biogas industry stakeholders, including technology providers, project developers, plant operators and planners of biogas plants.
