Ace investor Vijay Kedia has re-added Mahindra Holidays & Resorts to his portfolio at the quarter ended March 31, 2024, while trimming his stakes in Om Infra, Siyaram Silk Mills, and Neuland Laboratories.The ace investor brought his stake to 1% in Mahindra Holidays & Resorts India in the previous quarter. Kedia may have exited the stock in Q3 or brought his stake below 1%. He held 1.02% of the company as of September 30, 2023.
Changes are reflected in the ‘Shareholding Pattern’ of BSE-listed companies on reaching 1% stake or above.
Kedia’s dip buying of the stocks comes on the back of a correction. The last 6 months\’ correction for this smallcap stock stands at Rs 55 per share or 12%.
In Om Infra, the celebrity investor partially booked profits after a multibagger rally.
Another smallcap counter where Kedia pared stake is Siyaram Silk Mills. His stake dropped to 1% from 1.11% in the December quarter.
Kedia also partially booked profits in Neuland Labs, following a staggering rally in the stock. His stake at the end of the March quarter stood at 1.09%, down from 1.25% in Q3. The stock’s gains have been to the tune of 248%.
The investor also added Global Vectra Helicorp to his portfolio in the same quarter. Global Vectra Helicorp is a private helicopter operator service and Kedia bought a 2.92% stake in the company in the previous quarter.
The smallcap has been in top form over the last 12 months, delivering multibagger returns of over 200%, significantly higher than Nifty\’s 26% returns. In 2024 so far, Global Vectra’s returns stand at an impressive 28%.
The celebrity investor has bought 1.46% each under his name and in the name of Kedia Securities.
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