Global stock markets are facing a bloodbath! On Monday, both the Sensex and Nifty witnessed one of their steepest declines in history, with the day being labeled as a ‘Black Monday’. Asian markets plunged by as much as 10 percent, mirroring the sharp losses on Wall Street. The sell-off was triggered by growing recession concerns in the U.S., following China’s retaliatory response to tariffs introduced by the Trump administration.
The Benchmark Indices are trading negatively during Monday’s trading session, with the Sensex decreasing by around 5.22 percent, currently trading at 73,015. Similarly, the Nifty 50 index has declined by about 5.06 percent, and is currently trading in the red at 22,126.2.
Over the previous five trading sessions, the Nifty 50 index has experienced a loss of roughly 5.7 percent, while the Sensex saw a decline of about 5.5 percent. Amid a volatile market, stocks linked to renowned investor Vijay Kishanlal Kedia are currently trading at discounts of up to 46 percent, presenting an intriguing opportunity for investors.
Following are a few Vijay Kedia stocks trading at a discount of up to 46 percent to keep in your watchlist:
1. Global Vectra Helicorp Limited
With a market cap of Rs. 338.7 crores, the stock slumped nearly 9.8 percent to Rs. 230.05 on Monday. The stock hit its 52-week high at Rs. 346.15 on 27th September 2024, and compared to its current price levels of Rs. 242, the stock is trading at a discount of nearly 30 percent. In Q3 FY25, the company’s revenue from operations increased by around 10 percent to Rs. 142.6 crores, and it turned net loss of Rs. 3 crores.
According to the December 2024 shareholding pattern with the BSE, the ace investor Vijay Kedia, along with Kedia Securities Private Limited, holds a 5.07 percent stake in Global Vectra. Global Vectra Helicorp Limited is mainly engaged in the business of helicopter charter services for onshore and offshore transportation, servicing the oil and gas exploration and production sector in India.
Also read: Kaynes Tech and other semiconductor stocks trading at a discount of up to 50% to keep on your radar
2. Elecon Engineering Company Limited
With a market cap of Rs. 9,300.3 crores, the stock slumped nearly 19.8 percent to Rs. 348.05 on Monday. The stock hit its 52-week high at Rs. 738.85 on 16th October 2024, and compared to its current price levels of Rs. 413, the stock is trading at a discount of nearly 44 percent. In Q3 FY25, the company’s revenue from operations increased by around 11.6 percent to Rs. 529 crores, while the net profit grew by nearly 20 percent YoY to Rs. 108 crores.
According to December 2024 shareholding pattern with the BSE, Vijay Kedia holds a 1.09 percent stake in Elecon Engineering.Elecon Engineering Company Limited is involved in the design and manufacturing of Industrial Gears and Material Handling Equipment and is also involved in providing erection and commissioning solutions for its products. The company has manufacturing operations based out of India, Sweden, UK, USA and the Netherlands, with Sales Offices in Dubai and Singapore.
3. Mahindra Holidays & Resorts India Limited
With a market cap of Rs. 3,613.5 crores, the stock slumped nearly 18.6 percent to Rs. 241 on Monday. The stock hit its 52-week high at Rs. 504.35 on 21st June 2024, and compared to its current price levels of Rs. 292, the stock is trading at a discount of nearly 46 percent. In Q3 FY25, the company’s revenue from operations increased by around 10 percent to Rs. 1,034 crores, while the net profit grew by nearly 59 percent YoY to Rs. 43 crores.
According to the December 2024 shareholding pattern with the BSE, the ace investor Vijay Kedia holds a 1 percent stake in Mahindra Resorts. Mahindra Holidays & Resorts India Limited is a part of the Leisure and Hospitality sector of the Mahindra Group engaged in offering family holidays primarily through vacation ownership memberships.
4. Atul Auto Limited
With a market cap of Rs. 1,249.3 crores, the stock slumped nearly 12.4 percent to Rs. 424.1 on Monday. The stock hit its 52-week high at Rs. 840 on 4th July 2024, and compared to its current price levels of Rs. 448.85, the stock is trading at a discount of nearly 46 percent. In Q3 FY25, the company’s revenue from operations increased by around 26 percent to Rs. 195 crores, while the net profit grew by nearly 58 percent YoY to Rs. 7.12 crores.
According to the December 2024 shareholding pattern with the BSE, the ace investor Vijay Kishanlal Kedia, along with Kedia Securities Private Limited, holds a total of 20.91 percent stake in Atul Auto. Atul Auto Limited is engaged in the business of manufacturing and sales of auto-rickshaws (3-wheeler) in domestic and overseas markets.
The company is among the top 5 three-wheeler manufacturers in India, the only player with a complete range of 3-wheeler products across the fuels- diesel, petrol, CNG, LPG and electric, and Gujarat’s leading 3-wheeler commercial vehicle manufacturer.
Written by Shivani Singh
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