Vijay Kedia adds Dolly Khanna portfolio firm to his basket, stock rockets

Mumbai-based stock market investor and trader Vijay Kishanlal Kedia, who has been associated with the capital markets for almost three decades with his firm Kedia Securities, is currently sitting with a portfolio worth over $85 million (Rs 635 crore).

Kedia added at least one new company to his basket in the last quarter—Talbros Automotive Components.

Talbros is a small-cap firm engaged in the auto components business and currently commands a market capitalisation of Rs 740 crore.

Kedia picked up a 2.3% stake in the firm last quarter. His holding in the firm is currently valued at Rs 16.7 crore. He had bought a bulk of the shares at a price of Rs 338 apiece in November.

Talbros share price skid 5.7% to close at Rs 599.15 each in a weak Mumbai market on Tuesday. However, the stock has more than tripled in the last one year. The big rally in the stock happened from November around the time Kedia bought the stock; the share price has doubled since then in just two months.

Talbros also counts another well-known stock investor Dolly Khanna as a shareholder. Khanna owned a 1.71% stake in the firm as of December 31, 2021.

The small-sized auto components manufacturer hasn’t seen much of a growth in its revenue over the last five years, from FY17 from FY21, but its net profit has shot up during the same period.

If the numbers from the first six months of the current financial year (April-September 2021) is any indication, it may break through the Rs 500 crore topline and yet again post healthy profit growth.

Established in 1956, the company, along with its joint venture companies, boasts of an extensive product portfolio including gaskets, heat shields, forgings, chassis and suspension systems, anti-vibration components and hoses.

It caters to different automobile segments, including passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, agricultural machinery, off-loaders and industrial vehicles, among others.

Meanwhile, Kedia bought additional shares of Vaibhav Global and at the same time trimmed his stake in Repro India. He also likely exited Cera Sanitaryware and Elecon Engineering.

Kedia’s existing portfolio also has names like Atul Auto, Heritage Foods, Neuland Labs, Panasonic Energy India, Tejas Networks and Innovators Façade.

He also held share of a few companies which are yet to disclose their shareholding for the three months ended Dec. 31. These firms include Mahindra Holidays, Ramco Systems, Sudarshan Chemicals, Lykis, and Affordable Robotic and Automation.