Vijay Kedia Latest stock pick Dredging corporation
Posted: Thu Dec 28, 2017 11:27 pm
Vijay Kedia has added a new stock to his portfolio.
His latest pick is Dredging corp. Today, Kedia securities bought 1.75 lac shares at Rs. 790.
Dredging Corporation of India Limited, or DCI, is a Miniratna Indian public sector unit engaged in the business of dredging.It does dredging for Indian seaports exclusively. It occasionally dredges at foreign seaports in countries such as Sri Lanka, Taiwan and Dubai. It is mainly involved in maintenance dredging. Almost all the maintenance dredging in Indian seaports is carried out by DCI due to government regulations. DCI is also involved in capital dredging, beach nourishment, and land reclamation. The main seaports in which DCI does business are Visakhapatnam Port, Haldia, Kandla, Cochin Port and Ennore Port.
DCI is headquartered at Visakhapatnam and has project offices at many seaports in India. It reports to the Ministry of Shipping.
Dredging Corp is a multibagger stock with 107% gain.
Department of Investment and Public Asset Management (DIPAM), Centre’s arm to carry out divestment and strategic sale procedures, formed an inter-ministerial group (IMG) on November 16 for ‘strategic divestment of Government of India’s equity of DCI through strategic sale’
His latest pick is Dredging corp. Today, Kedia securities bought 1.75 lac shares at Rs. 790.
Dredging Corporation of India Limited, or DCI, is a Miniratna Indian public sector unit engaged in the business of dredging.It does dredging for Indian seaports exclusively. It occasionally dredges at foreign seaports in countries such as Sri Lanka, Taiwan and Dubai. It is mainly involved in maintenance dredging. Almost all the maintenance dredging in Indian seaports is carried out by DCI due to government regulations. DCI is also involved in capital dredging, beach nourishment, and land reclamation. The main seaports in which DCI does business are Visakhapatnam Port, Haldia, Kandla, Cochin Port and Ennore Port.
DCI is headquartered at Visakhapatnam and has project offices at many seaports in India. It reports to the Ministry of Shipping.
Dredging Corp is a multibagger stock with 107% gain.
Department of Investment and Public Asset Management (DIPAM), Centre’s arm to carry out divestment and strategic sale procedures, formed an inter-ministerial group (IMG) on November 16 for ‘strategic divestment of Government of India’s equity of DCI through strategic sale’