Not just the three-wheelers, the tax revision also lowered GST to 18% on two-wheelers with engine capacity up to 350cc and four-wheelers with engine capacity up to 1,200cc and length under 4,000mm.
Vijay Kedia’s portfolio, valued at over Rs 1,200 crore, has taken a Rs 71 crore knock from Atul Auto so far this year. The stock has been on a prolonged losing streak, falling over 20% year-to-date, and market experts see further challenges ahead for the three-wheeler maker.
Atul Auto is Vijay Kedia’s largest single equity holding by value. He owns over 58 lakh shares, representing a 20.91% stake in the company, held both in his name and through Kedia Securities Private Limited. The current holding value of Atul Auto is worth Rs 286 crore.
The stake, valued at around Rs 286 crore, has remained unchanged since the September 2023 quarter, according to Ace Equities.
The stock has rebounded 16% over the past six months but remains down 31% on a one-year basis despite the recent rally.Also Read: Vijay Kedia portfolio takes a Rs 71 crore hit on Atul Auto this year — What to do ahead of Q1 results?Atul Auto reported a strong January-March quarter, posting a 34% year-on-year jump in its consolidated net profit at Rs 7 crore. The total revenue in the said quarter stood at Rs 212 crore, growing 31% YoY.
Kedia has invested in 14 stocks, and his other bets with significant holding value include Neuland Laboratories (Rs 189 crore), TAC Infosec (Rs 165 crore), Elecon Engineering (Rs 125 crore) and Sudarshan Chemical (Rs 141 crore). The data has been fetched from Trendlyne.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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