Shares of VIP Industries are expected to remain in the focus today after veteran investor Vijay Kedia made headlines on Tuesday. Data revealed that his firm, Kedia Securities, has acquired a stake in the luggage manufacturer through block deals.
Kedia’s Latest Acquisition
Kedia Securities purchased 7.25 lakh shares, representing a 0.5% stake in VIP Industries, on Monday at a price of Rs 545.97 per share. The shareholding pattern for VIP Industries at the end of the June quarter did not show any exposure from Vijay Kedia, indicating that his ownership in the stock, if any, would have been below 1% as neither his nor his firm’s name appeared.
Mutual Funds and FPI Holdings
As of the June quarter, Indian mutual funds collectively hold a 9.95% stake in VIP Industries. Among these, Aditya Birla Sun Life Small Cap Fund owns 1.06%, Canara Robeco Small Cap Fund holds 1.26%, and SBI Flexicap Fund has the largest mutual fund stake at 6.43%.
Foreign Portfolio Investors (FPIs) held a 7.3% stake in VIP Industries by the end of the June quarter, while approximately 1.35 lakh small investors, defined as those with authorized share capital of less than Rs 2 lakh, own an 18.57% stake in the company.
Promoter Ownership
The promoters of VIP Industries continue to maintain a dominant position, holding a 51.75% stake in the luggage manufacturer.
Stock Performance in Last One Year
VIP Industries shares have delivered mixed returns across various time frames. Over the past month, the stock has shown a notable 21.73% return, reflecting its stability and growth potential. In the last six months, the stock rose by 25.36%, indicating a strong upward trend.
However, year-to-date, VIP Industries shares have declined by 3%, highlighting negative momentum in the current fiscal year. Over the last twelve months, the stock has posted a negative return of more than 11%, showing a broader downtrend.
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