Dear Readers,
During our casual research on various stocks (recommended or not recommended), we sometimes end up finding interesting details either about the company, its shareholders or the industry.
Recently we were looking at the shareholding pattern of Cera Sanitaryware – Alpha Stock recommendation for Jan’11 and came across a few investors holding more than 1% stake in the company.
Amongst the above Mr. Vijay Kedia and Mr. Sajan Pasari have been holding the shares of the company since long. While Mr. Sajan Pasari is one of the Board of Directors of the company, we couldn’t find any relation between Mr. Vijay Kedia and Cera Sanitaryware.
On carrying out further research, we found an interesting article dating back to 14th Mar’08 in DNA regarding Mr. Kedia.
Here are a few important details regarding Mr. Kedia:
- Vijay Kedia is estimated to have built up a fortune of Rs 100 crore (as at 2008).
- Vijay Kishanlal Kedia left his family’s stock-broking business in Kolkata in 1990 and came to Mumbai to strike it out on his own.
- Working as a sub-broker with BSE member Bharat C Bagri, Kedia learnt the ropes of India’s capital markets and in the trading ring at the BSE, he met someone whom he today looks up to as a friend, idol, guru and mentor: big bull Rakesh Jhunjhunwala.
- He confesses that whenever he makes an investment, he takes advice from Rakesh.
- He likes investing in Mid-caps for the reason that they are usually available at much cheaper valuations, and if it’s a good company, they tend to rise much faster.
- Kedia invests only for himself, and does not take positions on clients’ behalf.
- As an investor, he tries to copy Rakesh. He confesses that he’s just 1% of him in knowledge, wealth and the contacts, but takes inspiration from him and regularly visits Jhunjhunwala’s office, house or his favourite haunt at Geoffrey’s on Mumbai’s Marine Drive, to seek advice.
For complete details refer the following link Vijay Kedia – DNA article Mar’08
Ekansh Mittal [[email protected]]