Vijay Kedia increases stake in Exato Technologies to 9.68%
Vijay Kedia-backed Kedia Securities has acquired a 3.56% stake in SME IT firm Exato Technologies, bringing total holdings to 9.68%, according to reports. The move comes as the stock has surged over 90% in the past year, drawing renewed investor attention to the recently listed company.
Kedia Securities, backed by investor Vijay Kedia, has purchased 3.58 lakh shares in Exato Technologies, representing a 3.56% stake acquisition. This transaction increases the entity's total holding in the IT company to 9.68%, the announcement indicated. Exato Technologies operates as an SME-focused IT firm and has recently listed on exchanges. The stock has demonstrated significant performance, with gains exceeding 90% over the past twelve months, according to available data. The transaction has generated fresh investor interest in the company amid the broader market focus on high-growth smallcap technology investments.
The move reflects sustained investor appetite for technology stocks in the smallcap and mid-market segments, particularly those serving small and medium enterprises. India's IT services sector continues to attract capital allocation from seasoned investors seeking exposure to emerging growth opportunities. Recently listed technology companies operating in the SME segment have become focal points for investors seeking alternative plays beyond established IT majors. Market participants monitor stake purchases by established investors as signals of underlying business confidence and growth potential. The transaction underscores the ongoing momentum in high-growth technology plays within India's equity markets, where smallcap IT firms have garnered considerable investor attention.
Source: Markets-Economic Times
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