Vijay Kedia bought 4,08,800 shares of this multibagger helicopter charter services company; Stock hit back-to-back upper circuits & 52-week highs!

The stock is up by 52 per cent in just 1 month and gave multibagger returns of over 200 per cent in just 1 year.

Today, the stock market ended the day in red with BSE Sensex Index down 1.14 per cent at a level of 73,399.78 and the NSE Nifty-50 Index down 1.10 per cent at a level of 22,272.50. On the other hand, the BSE Mid-Cap Index is down 1.50 per cent and the BSE Small-Cap Index is down by 1.54 per cent.

Though the market is in red, this multibagger champion stock from the aviation sector was locked in a 5 per cent upper circuit to Rs 166.60 per share from its previous closing of Rs 158.70 per share. The stock also made a fresh 52-week high of Rs 166.60 per share. The stock has been hitting back-to-back upper circuits and 52-week highs.  

Before revealing the stock name, let's see the update: -

Vijay Kishanlal Kedia is a well-regarded investor in India, with a portfolio exceeding Rs 1,250 crore and holdings in 42 different stocks. This raises eyebrows as Kedia, along with his investment firm Kedia Securities, recently acquired a significant stake of 2.92 per cent (bought 4,08,800 shares). The promoters of the company own a 75 per cent stake in the company and the rest of the 25 per cent stake is owned by the public.

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The stock name is GLOBAL VECTRA HELICORP LTD.  

Global Vectra Helicorp Ltd, founded in 1998, is the largest private helicopter company in India, offering a variety of charter services for both offshore and onshore transportation. They primarily serve the oil and gas industry but also specialize in religious tourism flights to sites like Kedarnath and Amarnath. In addition to VIP transport, aerial photography, and emergency services, they provide crucial support to state governments and the power industry. With a strong safety record exceeding 2.6 million accident-free flying hours and a fleet of 26 helicopters, Global Vectra Helicorp is a major player in India's helicopter industry, boasting certifications like ISO 9001 and a long-standing membership in the Rotary Wing Society of India.

The company has a market cap of Rs 233.24 crore. The stock has a PE of 46x whereas the industry PE is 25x. The stock is up by 52 per cent in just 1 month and gave multibagger returns of over 200 per cent in just 1 year. Investors should keep an eye on this micro-cap stock.

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