Vijay Kedia Gains Rs 36,67,777 in Today's Bearish Market; Increases Stake in This Multibagger Airline Company in Q1 FY25; Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of over 220 per cent in just 1 year only.
Incorporated in 1988, the company specializes in helicopter charter services. As part of the Vectra Group, it provides both offshore and onshore transportation services, primarily catering to the oil and gas exploration and production sector in India. Today, the company's shares rallied and hit the upper circuit in the early morning session. Following this share price spike, Vijay Kedia earned Rs 36,67,777.
Vijay Kedia increased his stake in Global Vectra Helicorp Ltd from 2.92 per cent to 4.86 per cent according to the latest quarterly update. He holds 4,19,436 shares in his name and 2,59,782 shares under Kedia Securities Private Limited totaling 6,79,218 shares.
At the start of the day's trading session, the stock opened at Rs 276.70 per share, compared to the previous day's closing figure of Rs 271.30 per share on the BSE. Currently, the shares are at Rs 276.70 per share on the BSE. The stock has reached the upper circuit price limit of 2 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 387.38 crore, and the stock has generated an impressive multibagger return of over 220 per cent in the past 1 year.
As per the Quarterly Results, in the first quarter of FY25, Global Vectra Helicorp Ltd recorded a revenue of Rs 140.38 crore. The operating profit stood at Rs 15.09 crore. It reported a net loss for Q1 of Rs 6.13 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.
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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.