Ashutosh Fibre rises, adding to Vijay Kedia’s paper gains
In short
Ashutosh Fibre gained 6.26% in a week and closed at ₹128.10 on October 30. Vijay Kedia owns 10.35 lakh shares, or 4.73%, and the holding has added ₹3.74 crore in notional value since the IPO.
This matters because the stock’s rise has boosted paper wealth for one well-known investor. The report does not say whether he bought more shares or plans to sell.
What the reporting says
Ashutosh Fibre rose 6.26% in a week and closed at ₹128.10 on October 30, lifting the notional value of Vijay Kedia’s 10.35 lakh shares by ₹3.74 crore since the IPO. The textile stock is still below its ₹150 threshold in the headline and remains far above the ₹92 IPO price. The reporting does not say whether Kedia sold any shares or plans to change his stake.
Why it matters
Ashutosh Fibre gained 6.26% over the week and ended at ₹128.10 on October 30, raising the notional value of Vijay Kedia’s 10.35 lakh shares, or 4.73% of the company, by ₹3.74 crore from the IPO price of ₹92. The move highlights market interest in the textile stock, but the reporting does not state what drove the rally or whether the gain is sustainable.