Vijay Kedia is an Indian ace investor, philanthropist and entrepreneur, who is well known for his long-term investing strategy. He has amassed a profitable portfolio of companies and serves as a mentor to countless new entrepreneurs. He seeks organizations with strong fundamentals, excellent management and a promising future.
Here are two companies in which the ace investor has increased his stake:
Atul Auto Ltd.
The market Moghul raised his stake in Atul Auto, a company that manufactures and sells auto rickshaws for the domestic as well as overseas market. Its shares were trading at ₹ 401.00 apiece at 11:53 AM on Thursday.
According to the latest shareholding pattern of the company, Vijay Kedia holds 16,83,502 shares in the company, which is 7.05 per cent of the total paid-up capital of the company. These shares are held in an individual capacity. This indicates an increase of a 5.5% stake in the company, compared to the 1.5% held in the previous quarter.
In addition to the above stake, his company Kedia Securities Private Ltd. also holds 3,21,512 shares or a 1.35% stake in the company.
Vijay Kedia has invested despite the fact that the stock is already a multibagger. Atul Auto’s share price has rallied by 111.50% in the past year to give multibagger returns. If an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.11 lakhs today!
Heritage Foods Ltd.
Heritage Foods is engaged in the business of procurement and processing of Milk & Milk products and also the generation of power through solar & wind for the captive consumption of its dairy plants.
Vijay Kedia has increased his stake in the company from 1.1% to 1.2%, i.e., by 0.1%. The ace investor currently holds 11,13,433 shares in the company and his holdings were worth ₹ 18.3 crores as of Thursday.
The company’s share price has remained flat in the past year. Its shares were trading at ₹ 165.10 apiece at 11:56 AM on Thursday. Heritage Foods is a small-cap company with a market capitalization of ₹ 1545 crores. It has an ideal return on equity of 15.41% and an ideal debt-to-equity ratio of 0.03. Moreover, it has a dividend yield of 1.52%.
Written by Simran Bafna
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