Edvenswa Enterprises, known as KLK Electrical is a company that helps businesses with technology solutions. They are really good at coming up with new ideas and quickly making prototypes. Then, they help these businesses grow fast by creating large-scale software applications.
They work with different kinds of companies, both big and medium-sized ones, in many industries like healthcare, supply chain, banking, energy, education, and the environment.
The market cap of company is around 80 Cr. The majority ownership of Edvenswa Enterprises lies with the promoters, who hold a stake of 72.14%. The remaining stake of 27.8% is owned by public shareholders. Among the public shareholders, retail investors hold the largest portion, accounting for approximately 17% of the stake.

After breaking out from a 122-week-long rounding bottom pattern, the stock experienced a significant rally of 300%. Following the rally, the stock entered a sideways correction phase, which is currently showing signs of a flag pattern on the weekly chart. Although there hasn’t been a pocket pivot detected yet, I made a purchase of some shares and have set my stop loss at the last swing low as a risk management strategy.

Below weekly chart of Edvenswa on log scale.

Based on the block deal data obtained from the exchanges, Porinju V Veliyath has purchased 5.17 lakh shares (5% stake) in the company. Conversely, Anjana Bhutna has sold an equal number of shares through open market transactions.