Vijay Kedia’s Portfolio Gains Rs 89,98,314 In Just 1 Day: Multibagger Helicopter Charter Services Company’s Stock Hits Back-To-Back Upper Circuits
The stock gave multibagger returns of 155 per cent in just 6 months, 310 per cent in 1 year and a whopping 520 per cent in 3 years.
On Wednesday, the stock market was trading in green with the BSE Sensex Index up 0.30 per cent at a level of 85,170 and the NSE Nifty-50 Index up 0.25 per cent at a level of 26,004. On the other hand, the BSE Mid-Cap Index is down by 0.53 per cent while the BSE Small-Cap Index is down by 0.35 per cent.
As the market reported mixed numbers, this multibagger champion stock from the aviation sector, hit a 5 per cent upper circuit to Rs 315.75 per share from its previous closing of Rs 300.75 per share. The stock’s 52-week high is Rs 331.65 and its 52-week low is Rs 74.51. At the closing bell, shares of the company were trading at Rs 314, up 13.25 points or 4.41 per cent with a spurt in volume by more than 1.63 times on BSE. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.
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 a 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 89,98,314 (6,79,118 shares x Rs 13.25 per share).
The stock name is GLOBAL VECTRA HELICORP LTD.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
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 439.60 crore. The stock gave multibagger returns of 155 per cent in just 6 months, 310 per cent in 1 year and a whopping 520 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.