Ace investors are those who invest a large chunk of money in the stock market to make a higher return over time. Before investing their money in any of the stocks they often conduct extensive research to pick the finest stocks so that they can multiply their investment. Due to this extensive research made by these ace investors usually retail investors try to follow their footprints and try to click their fortune.
Vijay Kedia is an Investor trader also known by the alias of the ‘Master market’. Although Vijay was born into a family of stockbrokers his journey has been rather interesting and inspiring. Although he joined the family stockbroking business he soon realized that broking was not meant for him and therefore he ventured into trading without much success.
Kedia has a very interesting investing strategy he calls ‘SMILE’, which is an abbreviation for Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. As per the latest shareholdings pattern, Vijay Kedia publicly holds over 15 stocks with a net worth of around Rs.1,388.8 crores.
Listed below is a microcap stock in which Vijay Kedia bought a fresh stake during Q4FY24:
Global Vectra Helicorp Ltd
With a market capitalization of Rs. 270 crores, the shares of the company engaged in helicopter charter services started Friday’s trading session on a higher note at Rs. 192.80, clocking a 5 percent upper circuit, also recorded as the company’s fresh 52-week high compared to its previous close of Rs. 183.65.
Looking at the company’s financial statements, the revenue zoomed by 24 percent from Rs. 104.87 crores during the September quarter to 129.59 crores in the December quarter. In addition, the net profits showcased a transition from a net loss of Rs. 6.82 crores to a net profit of Rs. 3.38 crores in the same timeframe.
According to the latest shareholding pattern, Ace Investor Mr Vijay Kedia bought a fresh stake in the company’s shares during the recent quarter by acquiring approximately 2.04 lakh equity shares equivalent to 1.46 percent and the current holding value of his investment amounts to Rs. 7.9 crores.
According to reports, the Ace Investor had bought some Global Vectra Helicorp shares in the previous quarter. This means Vijay Kedia owned Global Vectra Helicorp shares but the shareholding was below one percent due to which his name didn’t appear in the shareholding pattern. He went on to buy more company shares in the recently ended March 2024 quarter.
The stock has delivered a whopping 240 percent returns to its shareholders in one year. For example, if someone had invested Rs. 1 lakh in these shares a year ago then the worth of those shares would be Rs. 3.40 lakhs now.
Global Vectra Helicorp Ltd is a prominent private helicopter service provider in India, offering a diverse range of helicopter services.
These services include offshore oil and gas industry support, VIP transportation for state governments, election flying, heli pilgrimage, aerial geophysical surveys, and power industry support. Furthermore, the company caters to various sectors such as the oil and gas industry, government operations, and the power sector.
Written By Vaibhav Patil
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