Superior Returns than Suzlon: Vijay Kedia-Backed Multibagger Outperforms Suzlon Energy, Hits Consecutive Upper Circuits
You’d Have Earned More with Kedia’s Multibagger Stock Over Suzlon Energy.
On Tuesday, the NSE benchmark index, after recovering from lower levels, made an intraday high of 24,971.75. However, in the final phase of trading, the index trimmed its gains and settled below the 24,900 mark, closing with modest gains of 0.15 per cent.
Despite the NSE benchmark Nifty50 paring its gains, stock-specific movements continued on D-Street. Shares of Suzlon Energy, a leading global renewable energy solutions provider, were locked at an upper circuit of 5 per cent and hit a fresh 52-week high of Rs 68.22 per share on the NSE. Another notable stock that hit the upper circuit limit on Tuesday was Global Vectra Helicorp Limited.
Global Vectra Helicorp's stock reached a fresh 52-week high of Rs 310.31 and has been hitting consecutive upper circuits. Global Vectra Helicorp Limited (GVHL) provides helicopter services in India, including offshore services to oil and gas companies, onshore services for state governments, VIP flying, election flying, and religious flying. The company also offers specialized aerial geophysical survey services and recently began supporting the power industry. As of July 31, 2023, the company operates 29 helicopters, with only four being owned and the rest leased.
GVHL's contracts with customers typically span three years, with major customers having contracts for five to seven years, ensuring medium-term revenue visibility. The company's clientele includes reputable and high-credit-worthy customers such as ONGC, Vedanta Ltd., and Reliance Industries Limited, as well as central and state government agencies.
Shares of Suzlon Energy have also been hitting consecutive upper circuits, with the stock up about 76 per cent in 2024. Meanwhile, shares of Global Vectra Helicorp have outperformed Suzlon Energy's stock performance by a wide margin, delivering multibagger returns of 133 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.