Vijay Kedia portfolio: Ace investor books profit in multibagger stock Patel Engineering after 300% rise in one yearPersonal FinanceVijay Kedia portfolio: Ace investor books profit in multibagger stock Patel Engineering after 300% rise in one year

Vijay Kedia portfolio: Ace investor books profit in multibagger stock Patel Engineering after 300% rise in one year


Vijay Kedia portfolio: Indian stock market investor Vijay Kedia booked some profit in Patel Engineering in the March quarter of the previous financial year, according to data available with exchanges.

According to shareholding pattern data of Patel Engineering for the March quarter of FY24, Kedia Securities Private Limited held 1,20,00,000 shares, or 1.55 per cent stake, in the company.

On the other hand, in the December quarter of FY24, Kedia Securities held 1,30,00,000 shares or 1.68 per cent stake in the company.

According to the exchange rules, listed companies are required to share the names of all shareholders who own one per cent or more stake in them. However, the companies do not have to reveal details of the buying and selling of stocks by these shareholders. 

Also Read: Ashish Kacholia portfolio: Experts give ‘buy’ tag to chemical stock Fineotex Chemical. Should you buy?

Patel Engineering share price trend

Patel Engineering share price has surged nearly four times, or 300 per cent, over the last year. The stock hit its 52-week high of 79 on February 6 this year and saw some correction thereafter. At the current market price of 59.56, the stock is down nearly 25 per cent from its 52-week high.

Patel Engineering share price fell 5.40 per cent in the last March quarter. On a monthly scale, the stock is up nearly 5 per cent in Apri so far. This is after the stock’s poor show in the last two months. Patel Engineering share price fell 3 per cent in February and over 16 per cent in the month of March.

Also Read: Mukul Agrawal is bullish on multibagger stock Oriental Rail Infra despite a 550% rally in one year. Do you own it?

Vijay Kedia portfolio stocks

Apart from Patel Engineering, Kedia holds stakes in several other companies, including Vaibhav Global, Siyaram Silk Mills, Atul Auto, Elecon Engineering Company, Repro India, Sudarshan Chemical Industries, etc. Kedia publicly holds nine stocks with a net worth of over 780.8 crore, according to data from the equity research platform Trendlyne.

Also Read: Multibagger SME stock Cellecor Gadgets rises 150% in six months post-listing. Do you own?

However, all companies have not disclosed their March quarter shareholding pattern so the above figure may change. Also, companies are not required to reveal the names of investors who hold a stake of less than one per cent of the total paid-up capital of the company. This means Kedia may have a stake in several other companies too.

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Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 11 Apr 2024, 04:32 PM IST

Disclaimer: Along with publishing our own news, we get news from various sources namely from news wires ANI, PTI, other reputed finance portals and individual journalists. We are not legally liable for any inaccuracies in the news and expect the reader to do their own due diligence.

http://ganesh@finplay.in

Finance enthusiast, Mutual fund expert.




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