Vijay Kedia Bought 2,71,600 Shares & Increased Stake in This Multibagger Smallcap Airline Company; Stock Hit Upper Circuit Today!

The company’s shares have delivered an impressive return of over 180 per cent in just 1 year only.

Incorporated in 1988, it specializes in helicopter charter services. As part of the Vectra Group, the company provides both offshore and onshore transportation services, catering primarily to the oil and gas exploration and production sector in India.

At the start of the day's trading session, the stock opened at Rs 231.35 per share, compared to the previous day's closing figure of Rs 220.35 per share on the BSE. Finally, the shares closed at Rs 231.35 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The company's current market capitalization stands at Rs 323.89 crore, and the stock has generated an impressive multibagger return of over 185 per cent in the past 1 year.

Vijay Kedia increased his stake in Global Vectra Helicorp Ltd from 2.92 per cent to 4.86 per cent representing an increase of 66 per cent according to the latest quarterly update.

As per the Quarterly Results, in the fourth quarter of FY24, Global Vectra Helicorp Ltd recorded a revenue of Rs 150.50 crore. The operating profit for Q4 FY24 stood at Rs 30.81 crore. The net profit for Q4 FY24 was Rs 6.03 crore. Looking at the annual performance, the company generated a revenue of Rs 503 crore in FY24, compared to Rs 411 crore in FY23. The operating profit for FY24 was Rs 86 crore, with a net profit of Rs 1 crore.

Regarding the shareholding pattern, the promoters own 75 per cent of the company and the public or retail investors hold 25 per cent.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.