Ace investor Vijay Kedia has likely exited his stake in small-cap auto components manufacturer Precision Camshafts during the third quarter of FY26, according to the latest shareholding pattern data released on January 7. The development has coincided with a notable decline in the stock's performance over recent trading sessions.

Shareholding Pattern Changes

Kedia held his stake in Precision Camshafts through his investment firm Kedia Securities. The latest December 2024 shareholding pattern shows that Kedia Securities was not among the key shareholders of the company, marking a significant change from the previous quarter.

Regulatory requirements mandate that companies disclose only shareholders who own 1% or more stake in the firm, suggesting Kedia's holding has either been completely exited or reduced below the 1% threshold.

Kedia's Investment Portfolio

Vijay Kedia publicly holds 15 stocks with a combined net worth of over ₹1,106.60 crore, according to available data. The exit from Precision Camshafts represents a strategic portfolio adjustment by the renowned investor.

Stock Performance Impact

Precision Camshafts shares have experienced significant volatility following the shareholding disclosure:

The stock has been on a downtrend for four consecutive months after posting a 13% rally in September 2024. Despite recent declines, Precision Camshafts has delivered multibagger returns over a five-year period with gains of 234%.

Company Financial Performance

In Q2FY26, Precision Camshafts reported mixed financial results:

The company showed improved profitability with net profit rising to ₹13.16 crore compared to ₹8.40 crore in the corresponding period of the previous year. However, revenue from operations declined to ₹198.18 crore from ₹225.06 crore on a year-on-year basis.

Market Context

The recent decline in Precision Camshafts shares coincides with broader market volatility, though the timing with Kedia's apparent exit has drawn investor attention. The auto components sector has faced various headwinds, contributing to the stock's extended downtrend over recent months.

Precision Wires India Limited has issued a formal clarification to the stock exchanges regarding a significant increase in trading volume, responding to an exchange inquiry dated December 29, 2025.

Official Response Details

The non-ferrous metals company addressed the exchange's surveillance query through official communication dated December 29, 2025. The response was digitally signed by Company Secretary and Compliance Officer Deepika Pandey at 18:20:51 hours.

Regulatory Compliance Statement

Precision Wires India emphasized its adherence to regulatory requirements in its official clarification:

The company stated that as per Regulation 30 or any other relevant regulation of the SEBI (LODR) Regulations, 2015, it has provided all relevant intimations and information to the exchange regarding events that have a bearing on the operation and performance of the company.

Market Movement Attribution

The company attributed the recent trading volume behavior to external market factors rather than any internal developments. According to the official clarification, the price movements are "based on market related movement/factors."

Management Assurance

Precision Wires India assured that there is no information or announcement, including any impending announcement, which in the company's opinion may have a bearing on the price behavior in the scrip. The management emphasized that all price sensitive information has been disclosed in accordance with regulatory requirements.

The formal clarification serves to address the exchange surveillance inquiry and maintain transparency regarding the recent unusual trading activity in the company's shares.