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.
Here is the list of stocks below Rs. 300 in which Mr. Vijay Kedia, one of the well-known ace investors based in India, has invested:
Patel Engineering Ltd
The shares of this construction company opened Friday’s trading session flat at Rs. 46.35. The share hit an intraday high at Rs. 49.05 making a gain of around 5 percent and closed its day at the same price.
Looking at the financials, the company’s revenue decreased by 8 percent from Rs. 1,118 crores during the June quarter to Rs. 1.021 crores in the September quarter. In addition, the net profit declined by 13 percent from Rs. 43.4 crores to Rs. 37.66 crores during the same timeframe.
According to the BSE data, Ace Investor Mr. Vijay Kedia, entering the stock in March 2023, currently holds 1.3 crore equity shares equivalent to a 1.7 percent stake in this company. The current holding value of his investment amounts to Rs. 61 crores.
According to the latest shareholding pattern, Promoters have a 39.41 percent stake in the company, the Public has 51.97 percent holdings, FIIs have taken 2.36 percent of shares, and the remaining 6.26 percent stake is with the DIIs.
Headquartered in Mumbai, Patel Engineering Ltd was incorporated in the year 1949. The company is one of the most integrated infrastructure and construction services conglomerates in India.
Innovators Facade Systems Ltd
The shares of the engineering company opened Friday’s trading session flat at Rs. 217.05. The share hit an intraday low of Rs. 217 making a loss of around 2 percent and closed at the same price
Looking at the financials, the company’s revenue increased by 51 percent from Rs. 72.07 crores during the H1 FY22 to Rs. 1.021 crores in H2 FY 22. In addition, the net profit magnified by 528 percent from Rs. 1.16 crores to Rs. 7.29 crores during the same timeframe.
According to the BSE data, Ace Investor Mr. Vijay Kedia, entering the stock in June 2018, currently holds 20.10 crore equity shares equivalent to a 10.11 percent stake in this company. The current holding value of his investment amounts to Rs. 44.5 crores.
According to the latest shareholding pattern, Promoters have a 63.71 percent stake in the company and the remaining 36.20 percent shares are with the Public.
Headquartered in Mumbai, Innovators Facade Systems Ltd was incorporated in the year 1999. The company has expertise in the design, engineering, fabrication, assembly, and erection of custom facade systems, providing complete design-build services to the construction marketplace. The company specializes in innovative architecture and challenging building projects.
Talbros Automotive Components Ltd
The shares of the auto component company opened Thursday’s trading session flat at Rs. 235. The share hit an intraday low of Rs. 234 making a loss of around 1 percent and closed at Rs. 234.75 apiece.
Looking at the financials, the company’s revenue increased by 16 percent from Rs. 182.83 crores during the June quarter to Rs. 104.03 crores in the September quarter. In addition, the net profit increased by 17 percent from Rs. 17 crores to Rs. 20 crores during the same timeframe.
According to the BSE data, Ace Investor Mr. Vijay Kedia, entering the stock in December 2021, currently holds 1.5 lakhs equity shares equivalent to a 1.2 percent stake in this company. The current holding value of his investment amounts to Rs. 3.6 crores.
According to the latest shareholding pattern, Promoters have a 58.42 percent stake in the company, the Public has 41.48 percent holdings, FIIs have taken 0.02 percent of shares, and the remaining 0.08 percent stake is with the DIIs.
Talbro Automotive Ltd is an Indian-based company that is primarily involved in the manufacturing of automotive components. The company offers a range of products, including multilayer steel gaskets, rubber molded gaskets, and other various products.
Written By Vaibhav Patil
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