In an interview to CNBC-TV18 a few days ago, Vijay Kedia discussed the varios multibagger stocks in his portfolio. He revealed that he invested in Atul Auto because of the electric vehicle (EV) theme.
“I have a relationship with Atul Auto for the last 18-20 years, and found the management to be very honest and ethical. We had some problem just before Covid-19 and post that, the problem aggravated. But things are settling down even in three-wheeler as a whole and of course electric is a future. Since I knew them, and was comfortable, I took a stake in Atul Auto because of EV,” he said.
He advised investors to stay invested in sunrise industries and to avoid out of sunset industries.
“If you find a theme, then stay invested. Since EV is the new sunrise industry, so I entered. So, patience is the only theme; long term and patience – that is the only theme in the stock market – knowledge, courage, and patience,” he stated.
Vijay Kedia’s investment in Atul Auto has yielded multibagger gains for his portfolio. The stock is up 75 percent YTD. He holds 3,569,024 shares or 13.70 percent stake in the company. He increased his holding from 16,83,502 shares.
The down-to-earth investor also discussed his investments in other multibaggers like Patel Engineering and Precision Camshafts Ltd. His portfolio comprises of about 20 high conviction small and mid-cap stocks. All the stocks are proven performers. The portfolio is worth about Rs 1400 crore.
Have invested in #AtulAuto for the #EV theme. Stay #invested if you find a #theme. Missed opportunity in the railway/defence theme. Invested in Shalby with the idea of getting into hospital theme, says Vijay Kedia to CNBC-TV18
Here's more pic.twitter.com/nmL4dKbXhA
— CNBC-TV18 (@CNBCTV18Live) August 28, 2023