New Delhi, July 15 -- Shares of smallcap engineering company Eimco Elecon (India) surged around 8% in Wednesday's trade after the latest shareholding data showed that Kedia Securities, backed by ace investor Vijay Kedia, made a fresh investment in the company during the June 2026 quarter.

The stock gained as much as 7.8% to touch an intraday high of Rs.1,905.50, extending its recent rally. Investor sentiment was boosted after disclosures revealed that Kedia Securities had acquired a 1.45% stake in the company, signalling fresh interest from an entity associated with one of India's best-known value investors.

According to the latest shareholding pattern, Kedia Securities acquired 83,930 equity shares of Eimco Elecon during the June 2026 ...