Vijay Kedia portfolio: 10 stocks give multibagger returns in 2023
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Synopsis
On a year-to-date basis, the top gainer in his Rs 1,500-crore portfolio is smallcap civil construction stock Om Infra which has rallied 271%.
"It was having some debt in its books but now they are reducing their debt....In my view, it is a sunrise industry and they can service their debt, so I am comfortable," Kedia had said earlier.
Other multibaggers in his basket include Innovators Facade Systems, Neuland Laboratories, Talbros Automotive Components, Elecon Engineering, Precision Camshafts, Repro India, Affordable Robotic & Automation and Atul Auto.
Stocks Recommendations
While keeping his portfolio heavily biased towards hidden gems in the world of small and mid-caps, Kedia isn’t known to churn his portfolio much.
Tracking the portfolio choices of star investors can help you understand how the masters of the market are picking stocks but blindly following them can be a risky game as it is tougher to imitate their conviction levels, risk-taking appetite and holding period.
In the new year 2024, analysts say themes such as manufacturing, PSUs, and healthcare could be rewarding.
While it seems that the market has priced in most of these near-term positives, analysts expect Nifty to return high single-digit gains in 2024.
"With current valuations offering a limited scope of further expansion, an increase in corporate earnings will be the primary driver of the market returns moving forward. Hence, bottom-up stock picking with a focus on a combination of old economy and export stories would be a key to generating satisfactory returns in the next one year," said Neeraj Chadawar of Axis Securities.
(Data: Ritesh Presswala)
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)