Mr. Vijay Kedia, having a reputation as a “Market Master”, is one of the well-known ace investors based in India. He publicly holds a sum of 15 stocks with a net worth of over Rs 1,400 crores.
Listed below are three stocks, in Mr. Vijay Kedia’s portfolio, that are trading at a discount of more than 15 percent from their 52-week high:
Mahindra Holidays & Resorts India Limited
With a market capitalization of Rs 7,932.53 crores, the stocks of Mahindra Holidays & Resorts India Limited, a part of the Leisure and Hospitality sector of the Mahindra Group, started their trading session on Friday at Rs 394 and currently trades at Rs 393, slipping around 0.30 percent as compared to the previous close of Rs 394.15 apiece.
The company’s stock hit the 52-week high price in October 2023 at a price of Rs 469.8, and, as compared to those levels, the current price shows a discount of around 16.40 percent.
Mr. Vijay Kedia took an entry into the stock in June 2021 and currently, as per the latest shareholding data for the quarter ended September 2023, he holds 20.55 lakh equity shares in the company reflecting a 1.02 percent stake.
Digging into the recent quarterly financials, the company posted an increase in operating revenues as well as net profits with the former increasing from Rs 614 crores during Q1FY23-24 to Rs 655 crores during Q2FY23-24, and, the latter, during the same period, drastically moving up from Rs 1 crore to Rs 21 crores.
Patel Engineering Limited
With a market capitalization of Rs 4,003.47 crores, the stocks of Patel Engineering Limited, engaged in the construction of dams, bridges, etc, started their trading session on Friday at Rs 52.01 and currently trades at Rs 51.75, slipping around 0.40 percent as compared to the previous close of Rs 51.97 apiece.
The company’s stock hit the 52-week high in August 2023 at a price of Rs 62.11, and, as compared to those levels, the current price shows a discount of around 16.70 percent.
Mr. Vijay Kedia, in the name of his firm ‘Kedia Securities Private Limited’, took an entry into the stock in March 2023, and currently, as per the latest shareholding data for the quarter ended September 2023, he holds 1.30 crore equity shares in the company reflecting a 1.68 percent stake.
Having a look at the recent quarterly financials, the company posted a marginal dip in operating revenues as well as net profits with the former decreasing from Rs 1,119 crores during Q1FY23-24 to Rs 1,021 crores during Q2FY23-24, and, the latter, during the same period, moving down slightly from Rs 43 crores to Rs 38 crores.
Precision Camshafts Limited
With a market capitalization of Rs 2,284.41 crores, the stocks of Precision Camshafts Limited, manufacturer and supplier of camshafts in India, started their trading session on Friday at Rs 245 and currently trades at Rs 240.50, slipping around 0.60 percent as compared to the previous close of Rs 242.05 apiece.
The company’s stock hit the 52-week high in September 2023 at a price of Rs 319, and, as compared to those levels, the current price shows a discount of around 24.60 percent.
Mr. Vijay Kedia took an entry into the stock in March 2023 and currently, as per the latest shareholding data for the quarter ended September 2023, he holds 11 lakh equity shares in the company reflecting a 1.16 percent stake.
Having a glance at the recent quarterly financials, the company posted opposing movements as far as the operating revenues and net profits are concerned. The former, on one end, decreased from Rs 263 crores during Q1FY23-24 to Rs 254 crores during Q2FY23-24, and, the latter, on the other end, doubled from Rs 4 crores to Rs 8 crores.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
