Vijay Kedia’s portfolio gains Rs 97,45,343 in just 1 day: Multibagger helicopter charter services company’s stock locked in upper circuit on September 09

The stock gave multibagger returns of 160 per cent in just 6 months, 280 per cent in 1 year and a whopping 490 per cent in 3 years.

On Monday, the stock market was trading in green with the BSE Sensex Index up 0.46 per cent at a level of 81,560 and the NSE Nifty-50 Index up 0.34 per cent at a level of 24,936.40. On the other hand, the BSE Mid-Cap Index is down by 0.28 per cent while the BSE Small-Cap Index is down by 0.69 per cent.

As the market reported mixed numbers, this multibagger champion stock from the aviation sector was locked in a 5 per cent upper circuit to Rs 302.15 per share from its previous closing of Rs 287.80 per share. The stock’s 52-week high is Rs 309.90 and its 52-week low is Rs 74. The shares of the company saw a spurt in volume by more than 5 times on BSE.

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

Vijay Kishanlal Kedia is a well-regarded investor in India, 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.

In just 1 day, Vijay Kedia & his investment firm gains Rs 97,45,343 (6,79,118 shares x Rs 14.35 per share).

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 423 crore. The stock gave multibagger returns of 160 per cent in just 6 months, 280 per cent in 1 year and a whopping 490 per cent in 3 years. 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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