Vijay Kedia’s shock move: What’s behind his latest buy and sell signals?

Vijay Kedia, also known as the “Market Master” in the stock market, does not need a formal introduction to anyone who follows the stock market. Over the years, he has built a significant reputation in the finance industry, often recognized for his meticulous stock selection and deep understanding of market trends.

Kedia is well known for his SMILE Strategy, which in his words is “small in size, medium in experience, large in aspiration, and extra-large in market potential.’ He currently holds 14 stocks worth Rs 1,300 cr.

As per recent exchange filings, Kedia has made to big changes in his holdings that have investors across the board take note. Are these changes hidden signals or just another strategic manoeuvre? Let us try to find out.

Buying The Dip? – Global Vectra Helicorp Ltd

Incorporated in 1988, Global Vectra Helicorp Ltd provides Charter Hire of Helicopter Services.

With a market cap of Rs 272 cr, Global Vectra is the largest private Helicopter services company in India with a safety record of over 2.6 Lac hours of accident-free flying and safe carriage of over 4.6 million passengers.

Vijay Kedia had a 3% holding in the company as of the quarter ending June 2025. But as per the filings for the quarter ending September 2025, he has added another 1.9% to his stake through Kedia Securities Pvt Ltd, making the overall holding worth Rs 13 cr. What is interesting is that Kedia has been holding his stock since March 2024, and since then, has been changing the stake quite frequently.

And what makes it even more interesting is that this addition in stake comes at a time when the company has seen a lot of red in financials in the past few years.

The sales of the company saw a lot of ups and downs between FY20 and FY25.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a big drop in the same period.

Net profits seem like an area of nig concern in the last few years, but it does seem on the upward as the losses in FY25 were down to just Rs 1cr.

The share price of Global Vectra Helicorp Ltd was around Rs 48 in October 2020 and as on 14^th October 2025, it was Rs 194, which is a jump of 305% in 5 years. Rs 1 lac invested in the stock 5 years ago would have been about Rs 4 lacs today.

The stock is trading at negative PE due to the consistent losses in the last few years. The current industry median is however 34x. The 10-year median PE of Global Vectra is 10x, and the industry median for the same period is 15x.

In September 2024, the share price hit an all time high of Rs 345, which means that the stock is currently trading at a discount of over 40% from its all-time high price. So, this new addition by Kedia might just be him buying the dip into one of his trusted stocks he has held for long.

As per the last annual report, the company is bullish on India’s energy sector as India is the world’s fastest-growing energy market. With oil demand projected to double by 2045 and offshore exploration to grow manifold, the company plans to capitalize on this opportunity.

Trim Despite Strong Order Book – Om Infra Ltd

Incorporated in 1971, Om Infra Ltd specializes in providing solutions for Hydro Mechanical Equipment for Hydropower & Irrigation projects, end-to-end solutions for water connectivity, hydro batteries, etc.

With a market cap of Rs 1,162 cr, Om Infra Ltd had an outstanding order book of around Rs 2,361 cr with projects like Koldam Hydro Electric Project, Gosikhurd Dam Project, Kundah Pump Storage Project, Amravati Irrigation Project, Shapurkandi Power Project, State Water Supply and Sanitation Mission UP in its kitty.

Kedia has held a stake in the company since September 2023 and until the quarter ending June 2025, his stake was 2.5%. However, as per the filings for the quarter ending September 2025, he has trimmed the stake to 2%, an overall holding of 29 cr.

The sales of the company saw a big decline from the last financial year.

EBITDA numbers also saw their share of ups and downs with a big drop in the last year.

Net Profits too dropped from the previous financial years figure.

The figures have demonstrated nothing short of a roller coaster ride, which could be a reason for Kedia trimming his stake.

The share price of Om Infra Ltd was around Rs 17 in October 2020 and as on 14^th October 2025, the price was Rs 121, which is a jump of over 612%. Rs 1 lac invested in the stock 5 years ago would have been over Rs 7 lacs today.

The company’s stock is trading at a PE of 52x, while the industry median is just 22x. The 10-year median PE for the company is 24x while the industry median for the same period is 18x.

Despite the short-term challenges the company has faced due to external funding delays and industry-wide issues, Om Infra Ltd.’s management holds an optimistic outlook for the future, backed by strong order inflows, a solid bidding pipeline, and government support for infrastructure projects. The company is strategically positioned to leverage upcoming opportunities in the water and hydropower sectors.

Buying The Dip or Exit with Grace?

Vijay Kedia is someone who has successfully navigated the complexities of the Indian stock market in the past and came out shining more often than not. So, when he makes changes to his holdings, it is natural for investors to be curious and take notes.

The two stocks we saw today and the changes Kedia has made sure raise some valid questions in the minds of investors. On one hand where Kedia has bought additional stake in Global Vectra, a company struggling in terms of profits, he has trimmed stake in Om Infra, which has shown promise in the last few years.

We might never be able to tell what the exact strategy of Kedia behind this is, but one this is sure that these stocks deserve to be followed with a keen eye. For now, adding them to a watchlist and keeping a vigilant eye on them sounds like a plan.

Note: We have relied on data from http://www.Screener.in and http://www.trendlyne.com throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information. 

The purpose of this article is only to share interesting charts, data points, and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only. 

Suhel Khan has been a passionate follower of the markets for over a decade. During this period, he was an integral part of a leading Equity Research organisation based in Mumbai as the Head of Sales & Marketing. Presently, he is spending most of his time dissecting the investments and strategies of the Super Investors of India.

Disclosure: The writer and his dependents do not hold the stocks discussed in this article. 

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