Vijay Kedia Adds a Smallcap Power Stock to His Portfolio in the December Quarter
Investor Vijay Kedia has recently made headlines by enhancing his portfolio amidst smallcap opportunities, even as the broader market faces declines. In the December quarter, Kedia acquired a 1.14% stake in Advait Energy Transitions, a dynamic smallcap stock through his investment arm, Kedia Securities Private Limited.
Key Details About Advait Energy Transitions
– Investment Overview: Kedia’s 1.14% stake consists of 1.25 lakh shares, currently valued at approximately Rs 17 crore, according to Trendlyne data.
– Company Background: Founded in 2009 and based in Ahmedabad, Advait Energy specializes in power transmission, substation infrastructure, and telecommunication systems. The company has diversified into renewable energy solutions in 2023.
– Product Offerings:
– Stringing tools and ACS wire manufacturing
– OPGW (Optical Ground Wire) operations
– ERS (Emergency Restoration System) and turnkey telecom projects
– Live line installations and green energy solutions
– Alkaline and PEM electrolyzer systems
– Fuel cell systems, including hydrogen refueling stations (HRS) and hydrogen blending/storage units
Market Performance and Trends
Despite its promising offerings, shares of Advait Energy have struggled, showing a decline of over 7% in the past year and a notable drop of more than 30% in the last six months.
Kedia’s Broader Portfolio Strategy
Vijay Kedia, recognized for pinpointing multibagger smallcap stocks early, has also expanded his portfolio with additional investments:
– Patel Engineering: Acquired a 1.01% stake (1 crore shares) during the October-December quarter. This stock has experienced a drop of over 40% in the past year. Patel Engineering focuses on large-scale infrastructure and civil projects, including dams, highways, and bridges.
– Om Infra: Increased his stake by 50 basis points to 2.5%, while reducing his holdings in Precision Camshafts to below 1%.
As per Trendlyne, Kedia currently holds a total of 17 stocks, with a net worth exceeding Rs 1,133.3 crore.
Conclusion
Vijay Kedia’s strategic moves in the smallcap market, including his investment in Advait Energy Transitions, reflect his belief in the potential recovery and growth of these stocks. As he navigates the current market landscape, Kedia continues to leverage smallcap opportunities, positioning himself for future gains.
(Disclaimer: The recommendations and opinions expressed in this article belong to the author and do not necessarily reflect the views of The Economic Times.)