Super Investor Vijay Kedia: Earns Rs 3.4 cr in a Single Day with 5% Stock Surge

Vijay Kedia doesn’t need any introduction. He is an Indian philanthropist, entrepreneur, and investor. He is also the founder of Kedia Securities, a Mumbai-based investment firm.

Vijay Kedia is well-known for his long-term investing strategy and has amassed a profitable portfolio of investments in companies, including Atul Auto, Elcon Engineering Company, and Tejas Network. He also serves as a mentor to countless new entrepreneurs and has invested in some start-ups. His famous SMILE strategy is buzzing among various market participants across the country.

Let’s first understand what the SMILE strategy is, which Vijay Kedia developed based on his experience and knowledge.

His SMILE investing philosophy stands for Small in size, Medium in experience, Large in desire, and Extra-large in market potential. He solely supports this investment strategy.

The question is, why are we covering Vijay Kedia and his investment philosophy today and talking about its portfolio?

Well, in this article, we are going to cover one of the companies from his portfolio that surged by 5% and hit the upper circuit today, and we will attempt to calculate the actual gain from it. According to the latest update, in his portfolio, there are 19 stocks available in his own portfolio.

Patel Engineering Limited, one of his portfolio stocks surged by 5% and hit the upper circuit today. The current market capitalisation of the company stands at Rs 4,288.93 crore, with a total number of outstanding shares of 77.36 crore.

Vijay Kedia holds 1.68% of the company, representing 1.29 crore shares. With the company’s share price surging by 5% today, the value of Vijay Kedia’s investment increased by Rs 3.43 crore in a single day. The total investment value in the said company reached approximately Rs 72 crore today.

Turning your attention to the share performance of the company, then the stocks have generated a multibagger return of 283% in the last six months and 370% in the last three years.

Patel Engineering Limited is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure, and transport.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.