Vijay Kedia Raises Stake In This Multibagger Micro Cap Stock

Ace investor Vijay Kedia has raised his stake in Global Vectra Helicorp, as per the latest shareholding data.

What Happened: The latest shareholding data from the company shows that Kedia more than doubled his stake in the company during the April-June quarter.

The veteran investor, who is said to have added the stock during the March quarter, held a stake of around 1.46% in the company at the end of March. Now he owns around 3% stake in the company, which is worth around ₹8.8 crore.

His firm, Kedia Securities, also upped its stake in the company during the quarter. The investment firm now owns around 1.86% stake in the company, up from the 1.46% reported at the end of March. Shares of the company have gone up over 120% in the past year.

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With a market cap of around ₹291 crore, the micro cap company is a private helicopter company in India, providing professional helicopter services for over two decades. The company’s operations include supporting India’s offshore oil and gas industry, onshore operations for state governments (VIP flying), election flying and other rotary services.

GVHL also operates several helicopters dedicated to religious tourism at shrines such as Vaishno Devi Shrine and Amarnath Yatra. The company has been conducting shuttle operations since 2010, facilitating the movement of pilgrims from Katra to Sanjichat and back.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.