Kedia brought his stake to 1% in Mahindra Holidays & Resorts India in the previous quarter. Kedia may have exited the stock in Q3 or brought his stake below 1%. He held 1.02% of the company as of September 30, 2023.
Currently, Rekha Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 31,901.4 crore. The investors portfolio has increased 28% from the March quarter to Rs 33,017 crore in the June quarter
Vijay Kedia predicts that the BSE Sensex will reach 84,000 in the next two years and 100,000 eventually. Kedia invests in midcap companies, and expects good stocks to double or triple in the midcap sector within two to three years. His investment philosophy is based on a formula called SMILE, which stands for Small in size , Medium in experience , Large in aspiration , and Extra size in market potential . He believes in investing in sunrise industries and staying out of sunset industries, and stays invested through bull markets.
Vijay Kedia has been holding on to a pharma stock Neuland Laboratories since December quarter of 2019. During this period, the stock has had a rollercoaster ride. Kedia bought the stock when it was in the Rs 300-400 range.
Defence is another sector that is gaining traction and Kedia admits that valuations in the space are getting richer day by day. Kedia said when a sector is about to turn around, one gets cheap valuations.