Ace investor Vijay Kedia raises stake in this multibagger stock

Ace investor Vijay Kedia has increased stake in Affordable Robotic and Automation, a microcap stock that has doubled investors wealth in the last six months.

According to the latest shareholding pattern available with the exchanges, Vijay Kedia and his firm Kedia Securities hold a combined stake of 13.30% as of March 2023.

The holding was at 12.25% at the end of September 2022. The company releases its shareholding data only half yearly once in March quarter and then in September quarter.

Affordable Robotic and Automation is a Pune-based company engaged in providing automation solutions for automotive companies. The company offers all kinds of industrial automation needs such as line automation, assembly line, conveyor, robotic Inspection Stations, pick and place systems among others.

The company is majority owned by public shareholders with 61.48% stake, while public shareholders have a holding of 38.52%. None of the domestic institutions have a stake in the company, BSE data showed.

Shares of Affordable Robotic and Automation have delivered multibagger returns to investors in the last six months, rising over 100%. So far this year, it is up nearly 17%.

Apart from Affordable Robotic, Kedia has picked up fresh stakes in smallcap Patel Engineering and Precision Camshafts.Part of the Precision Group, Precision Camshaft is into the automotive components business. Meanwhile, Patel Engineering is an infrastructure and construction service company in India.

The ace investor has raised stakes in Atul Auto, Neuland Laboratories and Heritage Foods during the March quarter, while reducing exposure in Tejas Networks and Ramco Systems.

As per the latest corporate shareholdings filed, Vijay Kishanlal Kedia publicly holds 17 stocks with a net worth of over Rs 818.8 crore, Trendlyne data showed.

Other stocks in which Vijay Kedia has holdings include Neuland Laboratories, Heritage Foods, Siyaram Silk Mills, Precision Camshafts, Repro India, Affordable Robotic & Automation and Atul Auto.



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