Vijay Kedia increases his stake in this portfolio of IT stocks in the third quarter

Indian investor and stock trader Vijay Kedia increased his stake in his Ramco Systems equity portfolio during the October-December 2021 (Q3) period. Shares of Ramco Systems underperformed, as the IT stock fell more than 37% year-on-year, versus a roughly 20% rise in the benchmark Sensex.

In line with the recent shareholding scheme published by Ramco Systems on BSE, Vijay Kedia holds a 2.60% stake representing 8,000,000 shares in the company as of December 2021, up from the 2.56 % it held in the previous quarter. for the period July-September 2021.

Software company Ramco Systems offers cloud, mobile, chatbot and Voice-ready ERP, HR, Global Payroll, Logistics, EAM and Aviation M&E MRO software. The stock has fallen more than 35% in the past six months.

Meanwhile, Kedia increased its stake in Vaibhav Global to 1.85% at the end of December from 1.83% in the previous quarter. Vaibhav Global Limited is a fashion retailer and manufacturer of fashion jewelry and lifestyle accessories.

Separately, he added Talbros Automotive Components to his portfolio by acquiring a 2.27% stake in the multibagger stock. Auto parts company Talbros Automative is a diversified automotive components player with a presence in all automotive categories.

On the other hand, the Kolkata-born investor posted profits in two stocks in the portfolio, Cera Sanitaryware Ltd and industrial equipment maker Elecon Engineering Co Ltd during the third quarter, after holding the counters for two consecutive quarters .

Vijay Kishanlal Kedia is among the renowned investors and his portfolio and his bets are closely followed by stock market participants. According to Trendlyne, the investor publicly owns 14 stocks with a net worth of more than 629 crores.

To subscribe to Mint Bulletins

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now!!

Comments are closed.