Seasoned investor Vijay Kedia has been an inspiration for many. He started investing in the stock market at the age of 19 and is recognized as one of the most prominent investors in the country. Often called the ‘market master’ he has made a name for himself in the realm of trading.
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The ace investor publicly holds 17 stocks with a net worth of over ₹ 889.8 crores. Here are three stocks from his portfolio which delivered more than 50 per cent returns on a year-to-date (YTD) basis:
Neuland Laboratories Ltd
Neuland Laboratories is engaged in the manufacturing and selling of active pharmaceutical ingredients and caters to both domestic and international markets.
Vijay Kedia holds 150,000 shares or a 1.2 per cent stake in the company. Since the beginning of this year, Neuland Laboratories’ share price increased from ₹ 1661.75 to ₹ 2706.05 apiece, delivering 62.84 per cent returns.
With a market capitalization of ₹ 3,585 crores, Neuland Laboratories is a small-cap stock. It has an ideal return on equity of 17.83 per cent and an ideal debt-to-equity ratio of 0.13. Its shares were trading at a price-to-earnings ratio of 21.93, which is lower than the industry P/E of 26.15, suggesting that the stock might be undervalued as compared to its peers.
Precision Camshafts Ltd
Precision Camshafts manufactures and supplies more than 150 varieties of camshafts in India and across the globe.
Vijay Kedia holds 1,000,000 shares or a 1.1 per cent stake in the company. Since the beginning of this year, Precision Camshafts’ share price increased from ₹ 100.00 to ₹ 154.10 apiece, delivering 54.10 per cent returns.
With a market capitalization of ₹ 1,520 crores, Precision Camshafts is a small-cap stock. It has a low return on equity of 6.95 per cent but an ideal debt-to-equity ratio of 0.17. Its shares were trading at a price-to-earnings ratio of 36.10, which is lower than the industry P/E of 40.31, indicating that the stock might be undervalued as compared to its peers.
Elecon Engineering Company Ltd
Elecon Engineering Company designs and manufactures Material Handling Equipment and Incraft carriers through the acquisition of Benzlers- Radicon Group belonging to the David Brown Gear Systems.
Vijay Kedia holds 2,175,000 shares or a 1.9 per cent stake in the company. Since the beginning of this year, Elecon Engineering’s share price increased from ₹ 378.00 to ₹ 560.55 apiece, delivering 48.29 per cent returns.
With a market capitalization of ₹ 6,517 crores, Elecon Engineering is a small-cap stock. It has an ideal return on equity of 20.39 per cent and an ideal debt-to-equity ratio of 0.04. Its shares were trading at a price-to-earnings ratio of 27.44, which is slightly lower than the industry P/E of 28.02, indicating that the stock might be undervalued as compared to its peers.
Written By Simran Bafna
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