Vijay Kedia stays put in majority of stocks despite up to 60% fall

New Delhi: Despite underperformance from most of his picks, seasoned investor Vijay Kedia stayed put in majority of them. His stake remained unchanged in at least nine stocks.

Out of 11 stocks in his portfolio, six have delivered negative returns in the last 12 months. Among remaining five, only two have been able to turn multibaggers.

Vaibhav Global, down 60 per cent, emerged as the worst performer from his portfolio in last year. However, he added 1,55,000 equity shares of the Gems and jewellery player during the quarter and increased his stake to 1.95 per cent from 1.86 per cent.

His pharma bet, Neuland Laboratories, and dairy pick Heritage Foods plunged about 40 per cent each in the last year. He kept his stake unchanged in these companies at 1.01 per cent and 1.13 per cent, respectively.

Home and personal care company Lykis plunged about 25 per cent in the last year. Similarly, Atul Auto is down by 20 per cent in the given period. Kedia stayed put on both the counters. From Kedia's portfolio, Panasonic Energy India Company dropped over 10 per cent.

On the contrary, his stake in Tata Group's acquired Teja Networks remained unchanged. However, the homegrown telecom gear has rallied by over 170 per cent in the last year.

His other pick, Elecon Engineering Company, has surged about 135 per cent during the same period. Kedia added over 7.35 lakh shares of the company in the June quarter to increase his stake to 1.85 per cent from 1.19 per cent earlier.

Talbros Automotive Components, where Kedia entered in the December quarter and kept his stake unchanged, has surged about 65 per cent in the last year.

Innovators Facade Systems, another pick from his portfolio where he owns 2,010,632 equity shares or 1.66 per cent, gained more than 45 per cent during the last year. He remained put on the counter.

According to the data from Trendlyne, Vijay Kedia publicly holds 16 stocks with a net worth of over Rs 707.4 crore as per the latest corporate shareholdings filed so far.