Ace investor Vijay Kedia pares stake in these 2 stocks in Q4

Investors have ushered  in the new FY and with it a new quarter, so as is the norm, shareholding pattern of different stocks are being revealed. So, accordingly it has come to light that shareholding pattern of ace investor Vijay Kedia has seen a reshuffling in the March ended quarter of the FY2024.

As per the latest shareholding pattern for the March quarter, the veteran investor who has a total holding worth over Rs 1300 crore as per the Trendlyne data, reflects a change as he has pared stake in the multibagger scrip- Patel Engineering, while at the same offloading stake in Siyaram Silks.

At the end of the December ended quarter, the investor held 1.7 per cent stake in Patel Engineering and in the latest quarter he reduced his holding by a tad 0.1 per cent, bringing his holding in the stock to 1.6 per cent. 

Patel Engineering is a smallcap company offering  infrastructure and construction services in India. The company is engaged in civil construction business. Over the last one year, the stock has yielded mutlibagger return to the tune of 297 per cent return.

Also, he has pared stake in the laggard Siyaram Silk stock which over a one year period has given a meager 5 per cent return. Siyaram Silk Mills is engaged in the textile business whose products include fabrics, yarns, home furnishing products and readymade garments. The stock despite its feeble move has been accorded a strong buy by an analyst, Trendlyne data shows.

So as filings by other companies is awaited, Vijay Kedia’s stake in Vaibhav Global remains steady at 2 per cent as at the end of March quarter.

Other stocks in his portfolio building his wealth are Atul Auto, Cera Sanitaryware, Elecon Engineering, Mahindra Holidays, Om Infra, Neuland Laboratories, Ramco Systems, Repro India, Sudarshan Chemical, Talbros Automotive, Precision Camshafts, Pansasonic Energy, Tejas Networks, Heritage Foods, Lykis, Affordable Robotic and Universal Facade

Vijay Kedia, the founder of Kedia Securities, describes his investment philosophy as though, “One should scout for companies which have good management. Find very good, very honest management and see the product in which the management is going to outperform its peers and the economy. Invest in those companies for the next 10-15 years, and you cannot go wrong." He uses the SMILE approach in his portfolio investments – ‘small in size, medium in experience, large in aspiration, and extra-large in market potential’.