Vijay Kedia’s favourite stock is trading strong amid weak market sentiments

Vijay Kedia’s favourite stock is trading strong amid weak market sentiments

by 5paisa Research Team Last Updated: Dec 15, 2022 - 05:16 am 18k Views
Listen icon

The stock is up 3.54% on August 29 

According to June filings, ace investor of India, Vijay Kedia decreased his stake in Ramco Systems Ltd and Tejas Network Ltd. Holdings in Ramco Systems was reduced from 2.4% before June quarter to 2% at the end of the June quarter, while his stake in Tejas Network decreased from 3.4% to 2.6%.  

Vijay Kedia has also done some shopping recently. He has bought additional shares of Elecon Engineering Company Ltd and Vaibhav Global Ltd. In Elecon Engineering, he has increased his stake by 0.7% from 1.2% to 1.9%. While the stake in Vaibhav Global Ltd has been increased to 2% from 1.9%. 

Vaibhav Global Ltd is trending today on the stock market. On August 29, the Indian markets are bleeding. At 10:39 am, the S&P BSE Sensex is trading at 57995.28, 1.43% lower from its previous close. Despite this weak market, the shares of Vaibhav Global are trading strong at Rs 320.35, 3.54% higher than its previous close. Vaibhav Global was in news last week regarding its promoter group, Brett Enterprises, buying 4000 shares of the company. 

The company is involved in the business of gems, jewellery, watches, and other lifestyle products in the global retail space. It has a strong presence in US and UK and operates 32 private label brands under its business. 

In FY22, the company’s revenue stood at Rs 2,752 crore, while net profit remained at Rs 238 crore. As per the June quarterly ending, the company has an ROE and ROCE of 14% and 22%, respectively. 

About the shareholding pattern, 57.96% of the stake is owned by the promoters, 10.71% by the FIIs, 18.38% by DIIs, and the rest 12.95% by the non-institutional investors. 

The company has a market capitalisation of Rs 5268 crore and belongs to S&P BSE 500 index. Its stock is trading at a TTM PE of 40.75x. The scrip has a 52-week high and low of Rs 804.55 and Rs 288, respectively. 

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Ambuja Cements Finalizes Sanghi Industries Acquisition for ₹5,000 Cr

Ambuja Cements has acquired Sanghi Industries Limited (SIL), marking a development in the cement industry.

Adani stocks surge 16% after US agency clears Hindenburg charges

Adani Group stocks witnessed a surge on December 6, with reports suggesting a positive turn of events for the conglomerate.

NSE Launches NIFTY50 Net Total Return (NTR) Index

NSE Indices Ltd., a subsidiary of NSE, has rolled out a new variant of the Nifty 50 index called the Nifty 50 Net Total Return (NTR) Index.