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Vijay Kedia portfolio: Vijay Kedia booked some profit in Patel Engineering in the March quarter of the previous financial year. The stock fell over 5 per cent in the March quarter.
Vijay Kedia criticizes the tax on dividends in India and expresses faith in the government's ability to provide direction in the upcoming budget. He believes that the next five years are crucial for India to catch up with China, and praises the government's work. Kedia is fully invested in the market and sees a margin of safety in his chosen stocks. He likes Indigo despite the challenges in the airline industry. Kedia also mentions expresses interest in OMCs diversifying into hydrogen.
Vijay Kedia, MD of Kedia Securities, comments on the budget and stock market alignment. The FM has named sectors that are moving in the market, aligning with the government's goal of making India the third largest economy. Tourism receives a special mention, including IndiGo. Kedia is content with the budget outcome and does not expect any new ideas from the finance minister. He emphasizes the importance of understanding and investing with knowledge and patience for long-term gains.
The Kedia Securities chief has brought his holding down by 13 basis points in Elecon Engineering to 1.47% in the December quarter from 1.60% in the September quarter. As for Talbros Automotive, his stake at the end of the December quarter stood at 1.01% down 21 basis points from 1.22% in Q2 of FY2024.
BT500 Wealth Creators Summit: Vijay Kedia said his simple principle is that promoters or founders of a company do not expand their businesses by looking at the market to ascertain whether it is a bull market or a bear market.