Vijay Kedia buys 4.86 per cent stake in this multibagger helicopter charter services company; Stock doubled in a year!
The stock is up by 67 per cent in just 6 months and gave multibagger returns of 150 per cent in 1 year.
On Tuesday, the stock market ended the day in green with BSE Sensex Index up 0.06 per cent at a level of 80,716.55 and the NSE Nifty-50 Index up 0.11 per cent at a level of 24,613. On the other hand, the BSE Mid-Cap Index is down 0.29 per cent while the BSE Small-Cap Index is up by 0.32 per cent.
Though the market was trading mixed, this multibagger champion stock from the aviation sector was locked in a 2 per cent upper circuit to Rs 211.85 per share from its previous closing of Rs 207.70 per share. The stock’s 52-week high is Rs 237 and its 52-week low is Rs 73.26.
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 1,900 crore and holdings over 40 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) in FY24. Additionally, Vijay Kedia along with his firm, Kedia Securities bought 2,70,318 shares or 1.94 per cent stake in the company in Q1FY25. Including this, Vijay Kedia & Kedia Securities Pvt Ltd owns 4.86 per cent stake in the company. 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 as of June 2024.
The stock name is GLOBAL VECTRA HELICORP LTD.
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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 296.59 crore. The stock is up by 67 per cent in just 6 months and gave multibagger returns of 150 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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