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Vijay Kedia buys stake in Siyaram Silk Mill share

Siyaram Silk Mill share is a textile manufacturing company. It is engaged in manufacturing fabrics and ready-made garments, especially in men’s wear.

Vijay Kedia bought a 5,00,000 share in Siyaram silk mill share In Dec Qtr which amounts to a 1.07% stake in the company.

Siyaram Silk Mills Limited’s share price is trading at 564 levels and up by 4.85%.

Promoters of the firm own a 67.18% stake, while the public holds the rest. Smallcap Fund also has a stake of about 2.2% in the company.

Siyaram will announce its quarterly results on January 28, it will also allow interim dividends with the quarterly results.

FII/FPI investors increased from 60 to 63 in Dec 2022 qtr.

Siyaram silk has a PE of 10.1 which is less than the industry PE of 16.0.

Siyaram silk mills ltd share is trading near to resistance levels of 588/590.

We can see a good move above 600 levels and a target of 700 which is 52 weeks high.

Siyaram silk share is bouncing from the 200 DMA, right now trading near to resistance zone.

Is Siyaram silk share worth buying?

According to Trendlyne, Siyaram silk share giving strong signal to buy.

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