Vijay Kedia’s portfolio in the December quarter saw a slew of changes with the ace investor hiking his stakes in two stocks while trimming in four others on a quarter-on-quarter basis. His portfolio’s worth also went up by over 6% to Rs 1,476 crore from 1,389 crore at the end of the September quarter, according to Trendlyne data.
Kedia increased his stake by 3 bps in smallcap Siyaram Silk Mills in the October-December quarter to 1.11%. The stock has been a market laggard, delivering negative returns of over 6% in the past 12 months.

As far Vaibhav Global, a Jaipur-based fashion retailer, is concerned his holding went up by 3 bps to 2.01% in the December quarter versus 1.98% in the previous quarter. Its returns over a one-year-period stand at approximately 70%.

Stocks in which he has pared his stakes include Elecon Engineering, Talbros Automotive Components, Repro India and Tejas Networks.

In Elecon, a Gujarat-based gearbox and material handling equipment manufacturer, Kedia brought down his holdings to 1.47% in Q3FY23 versus 1.60% in Q2FY23. The stock has given returns of over 170% in the past 12 months, which is a significant outperformance over Nifty whose returns stand at an impressive 19% during this period.

As for Talbros Automotive Components, the holding is down by 21 bps in the December quarter to 1.01 versus 1.22% in the September-ended quarter. This smallcap multibagger has yielded 170% returns.

As for Repro, Kedia booked partial profits selling 2 bps stake. At the end of the last quarter, he held 6.34% stake versus 6.36% in the September quarter. The company offers customised solutions to the publishing industry and its stock has returned 130% in the last 12 months.Meanwhile, Kedia’s stake in Tejas Networks is down by 1 bp to 1.88% in the three-month-period ending December 31, 2023. The company offers telecommunications services and is majority-owned by Tata Group.

Kedia may have also exited Mahindra Holidays & Resorts or cut his stake below 1% in October-December period. He held 1.02% in the company as of September 30, 2023.

Shareholding of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies only on reaching 1% stake or above in a company.

Citing the latest corporate shareholdings, Trendlyne suggested that Kedia publicly holds 14 stocks with a net worth of over Rs 1,430.6 crore.

Read more: Dolly Khanna adds this smallcap multibagger in December quarter, raises stake in Control Print

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