Vijay Kedia Gains Rs 86,66,821 in Today's Bearish Market; Bought 2,71,600 Shares and Increased Stake in Multibagger Airline Company; Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of over 250 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 86,66,821.
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.
At the start of the day's trading session, the stock opened at Rs 267.75 per share, compared to the previous day's closing figure of Rs 255 per share on the BSE. Currently, the shares are at Rs 267.75 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 374.85 crore, and the stock has generated an impressive multibagger return of over 250 per cent in the past 1 year.
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.
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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.