Vijay Kedia trims stake in Global Vectra in March quarter. Here’s how this smallcap stock has performed
Kedia holds 3% stake in his own name while another 1.86% through Kedia Securities Private Limited as per the shareholding data available on the BSE.
Global Vectra Helicorp (GVHL) claims to be the largest private helicopter company in India with over two decades into the business. The company has presence in Delhi, Mumbai and Bengaluru and offers a spectrum of operations to India’s offshore oil & gas industry, onshore operations for state governments (VIP flying) and other rotary services.
Global Vectra is a smallcap stock with a market capitalisation of Rs 337 crore.
Kedia partially booked gains in the quarter gone by, amid weakness in overall smallcap space. The Nifty Smallcap 100 index has fallen 5.3% in the past one year. The 17% correction in the past six months has dragged the index, ensuring that it completely conceded its uptick made in the six months prior to this period.
Global Vectra Helicorp shares have seen its gains recede by nearly 16% in the past six months though it has been a big outperformer on a 1-year basis with more than 50% returns.Meanwhile, the broader Nifty is down 9% in the last six months while still managing to remain positive (1.4%) over a 1-year period.As per the latest corporate shareholdings compiled by Trendlyne, Kedia publicly holds 15 stocks with a net worth of over Rs 1,406.3 crore. Among other stocks held by him in his portfolio are Siyaram Silk Mills, Atul Auto, Vaibhav Global, Mahindra Holidays & Resorts, Neuland Laboratories, Om Infra, Heritage Foods and Ramco Cements.
Also Read: Rekha Jhunjhunwala adds Canara Bank to portfolio in March quarter, trims stake in this smallcap
Kedia began investing in the stock market at the age of 19 and started Kedia Securities in 1992, when he was 33.
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