Market veteran Vijay Kedia admitted that his investment in Eimco Elecon was a mistake, saying he was unaware that his holding had crossed 0.5 per cent — a threshold that led to his name being disclosed by the stock exchanges.

“I would not have bought this stock. I have no idea about this company. I also make mistakes — I am human,” Kedia told Business Today in a special Diwali interview. Advertisement

Kedia recalled that the stock was trading around Rs 3,400 apiece before plunging to Rs 1,700–1,800, prompting him to buy “for fun.” However, when reports surfaced later that he had acquired a stake, Kedia said he was not happy, as many investors tend to follow his trades for cues.

He added that he feels a moral and ethical responsibility to have a solid rationale behind every investment.

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