Jobaaj Stories
"Chase the story behind the stock, not the money on the table. Money will make you rich but the story will make you wealthy" - Vijay Kedia one of the most successful stock investors of the present time.
His journey is inspiring for every new & old player in the Stock market.
In this article of Jobaaj Stories, let’s revisit his journey to learn how Vijay Kedia became one of the most triumphant stock investors in India.
Early Life with a Plunge in Investing:
He was born and brought up in the 5th generation in a family of Marwadi stockbrokers doing trading since 1904 in Calcutta. He also started trading from the young age of 14 using his family accounts. Initially, he didn’t like broking, so after 3 years, he left his family’s stock broking business to focus completely on trading. But even after spending a decade & not securing any hefty profits. He started doing a side business of supplying tea.
Then one of his friends advised him to start allocating a portion of his capital to long-term investing. These investments proved to be very successful and Vijay started realizing the potential of long-term investment so, in 1992 he came to Mumbai with 30,000₹ to invest.
He gambled entirely in a single stock Punjab Tractors which plunged miserably for the initial 2 years but somehow Luck got his address. The stock went up to 3 times (6 times by other accounts ) in the 3rd year.
Ups & downs of the stock market journey:
In 1992-93, he invested his entire capital in ACC at the cost of Rs.300. But the stock didn't move the first year, but rose up to 10 times the next year. He sold ACC at a price of Rs. 3000 and bought his own house in Mumbai.
In one of his financial losses, he lost Rs. 70,000 to Hindustan Motors within days. In this situation, his mother offered him her jewelry to help him recoup his losses, but luckily, the losses were recovered after a few days without him having to sell them. After this incident, he quit his business job out of disappointment.
But fate planned something big for him. Once he realized that he was playing a game with no profit and no loss, he stopped gambling and started reading newspapers, trade magazines, and company annual reports. In addition to these activities, he learned from the interviews with managers and CEOs of various companies.
In 2004 and 2005, he identified and invested in three such companies: Aegis logistics, Atul auto, and Cera sanitaryware. Within ten or twelve years they all became huge multi-baggers.
Vijay Kedia’s Investment strategies
- Analyze the company's management: Every investor should look for the company's management and how the management performed during the company's bad times. According to him, if the management can deal with the firm's performance in bad times and lead to good conditions, then the management is considered best for the firm's growth.
- Analyze the future state of the company: Investors should analyze the future projection of the company and see whether the management is ambitious towards the future growth of the company or not.
- Source of fixed income: Investors should create a source of fixed income for themselves because the stock market is volatile in nature and you cannot rely on it.
- Stay in the know: Investors should always read newspapers and magazines about companies because knowledge leads you to find good stocks.
- View of the stock market: Investors should see the stock market as an investment and not something where you will become a millionaire in one day.
- Desired Qualities: Investors should have the patience, skills, and experience to be successful.
- Learn from failure: He creates his investment strategy based on thorough research and analysis. It is then executed accordingly. He has failed so many times but he always learns from them and still makes huge profits from them.
Fascinated by Vijay Kedia's investment journey? Check out the journey of Rakesh Jhunjhunwala!
Vijay Kedia Portfolio Holdings:
"Invest like a bull, sit like a bear, and watch like an eagle. (mantra for long-term investing)
Vijay Kedia has a net worth of over Rs. 688.1 Cr. in 15 different stocks (as per trendlyne).
His most valuable holding is Tejas Networks Ltd. As per Livemint, this ace investor has raised his stakes in atul auto, a small-cap auto stock in quater 4.
|
Name of the Stock |
Holding Value |
Quantity Held |
|
39.0 Cr |
1,247,200 |
|
|
13.1 Cr |
321,512 |
|
|
87.6 Cr |
2,175,000 |
|
|
19.4 Cr |
1,113,433 |
|
|
17.5 Cr |
2,010,632 |
|
|
56.7 Cr |
2,050,000 |
|
|
26.8 Cr |
130,000 |
|
|
2.1 Cr |
93,004 |
|
|
9.5 Cr |
444,380 |
|
|
34.0 Cr |
901,491 |
|
|
21.9 Cr |
500,000 |
|
|
41.8 Cr |
1,000,000 |
|
|
7.0 Cr |
161,238 |
|
|
214.9 Cr |
3,500,000 |
|
|
96.7 Cr |
3,210,000 |
VIJAY KEDIA SONGS:
The millionaire investor is also an avid singer, mostly seen singing songs related to the market. One of his songs went viral on social media called “MERE SHARE BAZAAR” & “MARKET USI KI MUNAFA USI KA” IN 2018.
The songs were so catchy that even people with zero stock knowledge could enjoy them.
Thanks for Reading!
