Ace investor Vijay Kedia has issued a warning about his recent investment in Global Vectra Helicorp, terming it a “very risky” venture.
What Happened: On Wednesday, Kedia took to X (formerly Twitter) to share his views on his recent investment in Global Vectra Helicorp. He stated, “It’s a very risky investment. Co has a very weak and very volatile track record. It's a very small part of my portfolio. Be very careful.”
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This tweet came in response to a tweet informing about his raising stake in the micro-cap company during the April-June quarter.
As per the latest shareholding data, Kedia has more than doubled his stake in Global Vectra Helicorp during the April-June quarter. He now owns around 3% stake in the company.
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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