Vijay Kedia Buys New Stake in Advait Energy; Shares Surge 9%

• Veteran investor Vijay Kedia acquired a new 1.14% stake (1.25 lakh shares) in Advait Energy Transitions Ltd. during the December quarter through Kedia Securities.
• Following Kedia's investment, Advait Energy shares surged over 9.5% in intraday trading, reaching ₹1,487.
• The company also received a significant ₹33 crore domestic order from Gujarat Energy Transmission Corporation Limited (GETCL) for a turnkey project.
• Another prominent investor, Ashish Kacholia, holds a 2.06% stake in Advait Energy, valued at approximately ₹33 crore.
• Market experts see the involvement of these veteran investors as a sign of confidence in Advait Energy's future growth, especially with its focus on renewable energy and rising electricity demand.

Why It Matters: Vijay Kedia's new investment and a major order fueled a 9% surge in Advait Energy shares.