Vijay Kedia does not need any introduction. There is a reason he is called the “Market Master” in the stock market. Currently holding 15 stocks worth almost Rs 1,400 cr, he 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’.
As per recent exchange filings, Kedia has cut stakes in 2 of his favourite stocks giving rise to a lot of valid questions. Is this a signal to exit or a strategic move with some long-term plan. Let us try to find out.
Global Vectra Helicorp Ltd
Incorporated in 1988, Global Vectra Helicorp Ltd provides Charter Hire of Helicopter Services.
With a market cap of Rs 348 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 was holding a stake in the company since March 2024, under his individual portfolio as well as through Kedia Securities Private Limited. Up until the quarter ending March 2025, Kedia held a 3% stake under his personal portfolio and another 1.9% through Kedia Securities Private Limited.
As per the filings made for the quarter ending June 2025, his holding under Kedia Securities Private Limited has gone below 1% signalling a full or partial exit.
Coming to the financials…
The sales of the company saw a lot of ups and downs between FY20 and FY25.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a drop between FY20 and FY25.
Net profits also saw the effect of these fluctuating numbers, with the company recording losses in FY25 once again.
The share price of Global Vectra Helicorp Ltd was around Rs 55 in July 2020 and as of closing on 18th July 2025, it was Rs 248, which is a jump of 350% in 5 years. Rs 1 lac invested in the stock 5 years ago would have been about Rs 4.5 lacs today.
The stock is trading at negative PE due to the losses while the industry median is 31x. The 10-year median PE of Global Vectra is 9x, and the industry median for the same period is 14x.
The company has however shown some signs of revival with profits of Rs 13 cr for the quarter ending March 2025, which was the first profit it reported after March 2024.
Precision Camshafts Ltd
Incorporated in 1992, Precision Camshafts Limited is manufacturer and supplier of camshafts in India and globally. It supplies more than 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles, and locomotive engine applications.
With a market cap of Rs13,915 cr Precision Camshafts has 45+ customers globally including Ikea, Hyundai, Maruti Suzuki, Bosch, H&M, TATA, Toyota, BMW, etc.
Kedia had held a stake in Precision Camshafts since March 2023 through his personal portfolio as well Kedia securities, which was 2.10% in all. As of the quarter ending June 2025, he has partially or fully exited the stake he held under his personal portfolio as the holding has fallen below 1%.
Let’s look at the financials for Precision Camshafts to try and find the reason for this sell-off.
The sales of the company saw some good growth which was derailed in FY25.
EBITDA also saw a lot of ups and downs in the last 5 years.
Net Profits is an area that looks like a positive one should not miss.
The share price of Precision Camshafts Ltd was around Rs 34 in July 2020 and as of closing on 18th July 2025, the price was Rs 202, which is a jump of over 494%. Rs 1 lac invested in the stock 5 years ago would have been about Rs 6 lacs today.
The company’s stock is trading at a PE of 63x, while the industry median is 29x. The 10-year industry median PE for the company is 35x and the industry median for the same period is 24x.
Precision Camshafts Ltd is navigating a challenging macro environment, especially in EV and export markets, but continues to invest in core camshaft business and new technologies (assembled camshafts). However, its management is proactive in addressing industry headwinds, prudent in financial provisioning, and remains optimistic on medium-term growth prospects, especially as new projects and diversification efforts ramp up.
Follow The Market Master?
The two stocks that Vijay Kedia trimmed stakes in both have very unique stories to tell and they raise different questions. While Global Vectra has seen a string of bad quarters and showing some turnaround, Precision Camshafts has been a consistent performer in the last few years.
However, these stocks have a very big common link. Both have seen a cut in stake by market master Vijay Kedia, a super investor who is known for timely and precise picks and exits. Cutting of stake in these stocks could be a strategic move or there is something more than what meets the eye.
How these two stocks now perform will be interesting to watch, as it will reveal if Kedia’s decision was a mistake or a very calculated strategic move. Add these stocks to the watchlist and keep a very strong eye on them.
Note: We have relied on data from www.Screener.in and 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.
The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Other Articles
Airports That Wow With Art, Culture and Museums
No Comment! Be the first one.