₹28.37 Cr Stake Buy: KP Energy and Other Stocks Where Promoters Raised Their Stake

Synopsis: Promoters increased their stake across select stocks, including K P Energy, Ador Welding, Vega Jewellers, and Getalong Enterprise on January 21, indicating confidence amid mixed market movements.

Promoter stake increases often serve as a strong signal of management confidence in a company’s long-term prospects. On January 21, promoters raised their holdings in select listed companies across diverse sectors, drawing investor attention amid ongoing market volatility and stock-specific movements. Here are the stocks in which the promoter bought a stake on January 21st

K P Energy Ltd

K.P. Energy Ltd. (KPEL) is a key player in India’s renewable energy sector, specializing in Balance of Plant (BoP) solutions for utility-scale wind and hybrid projects, offering end-to-end services from site development to commissioning, and is part of the broader KP Group.

With a market capitalisation of Rs 1,997 crore, the shares were trading at Rs 298.50 per share, decreasing around 1.87 percent as compared to the previous closing price.

Farukbhai Gulambhai Patel, classified as a promoter & director, acquired 6,88,800 equity shares of the company through a market purchase, at an average price of Rs. 412 per share, and the total value of this transaction amounted to Rs. 28.37 Cr.

Ador Welding Ltd

Incorporated in 1951, Ador Welding Ltd, is a major Indian manufacturer of welding products, equipment, consumables (electrodes, wires), and automation solutions, playing a key role in India’s industrial growth with a global presence in over 15 countries, serving sectors like oil & gas, shipbuilding, and infrastructure. With a market capitalisation of Rs 1,785.53 crore, the shares were trading at Rs 1,026 per share, up around 2.88 percent as compared to the previous closing price.

Deep Ashda Lalvani, classified as a promoter & director, acquired 1,101 equity shares of the company through a market purchase, at an average price of Rs. 1,001 per share, and the total value of this transaction amounted to Rs.11 lakh. 

Vega Jewellers

Incorporated in 1982, Vega Jewellers Ltd is an Indian company transitioning from chemical trading to the design and retail of fine jewellery, offering gold, diamond, platinum, and gemstone collections, including bridal and traditional Kundan/Polki designs, operating across South India and exporting to the USA. With a market capitalisation of Rs 302.14 crore, the shares were last traded at 312 per share, with no price movement as of today.

Naveen Kumar Vanama and Sudhakar Vanama, classified as promoters, acquired a total of 5,00,000 equity shares of the company through a Off market purchase, at an average price of Rs. 197.4 per share, and the total value of this transaction amounted to Rs. 9.87 Cr.

Getalong Enterprise Ltd

Incorporated in 2020, Getalong Enterprise Ltd is an Indian company, originally diversified in textiles, gold bullion, and female care, that pivoted to focus on tax solutions and allied services, becoming an ISO 9001:2015 certified provider for income tax, GST, accounting, legal, and management consultancy. With a market capitalisation of Rs 13.82 crore, the shares were trading at Rs 6.53 per share, down by 4.81 percent from their previous day’s close.

Westpac Investments Ltd., classified as promoters, acquired a total of 1,20,000 equity shares of the company through a market purchase, at an average price of Rs. 6.9 per share, and the total value of this transaction amounted to Rs. 0.08 Cr.

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