Vijay Kedia deserves to be complimented for the yeoman service that he has rendered to the cause of novice investors like you and me. Unlike other stock wizards like Dolly Khanna and Ashish Kacholia who are not accessible, Vijay Kedia is easily approachable and also goes out of his way to recommend stocks for us to buy. He has literally handed over mega bucks to us over a platter.
(@16.05 Vijay Kedia explains why he is “very bullish” about Repro)
In an interview to ET, Vijay Kedia spoke at length about Repro India. He explained that the stock is an ideal investment from all parameters. The Company has a long history going back 50 to 60 years, it has eminent personalities (such as JJ Irani, Alyque Padamsee, M. S. Ramadorai) on its board of directors and it has a unique business model of converting school textbooks into a digital form. “There is no competition for this business in India” Kedia emphasized.
(@22.18 Vijay Kedia repeats why he is “very bullish” about Repro)
Vijay Kedia could sense our nervousness and indecisiveness. So, to make the investment decision even easier for us, he looked us in the eye and comforted us by saying that the stock is “safe”, meaning that our principal is absolutely safe and there is a chance for decent gains.
Now, if we didn’t act on such stellar advice, we have only ourselves to blame. In the last one year, the stock is up a fabulous 120%. The stock surged 20% today. In just the last one week, the stock is up 38%.
The reason for the exuberance is because Repro’s subsidiary, Repro Knowledgecast, has signed an agreement with Lightning Source Inc to become part of the Ingram Content Group’s Global Connect program. The Global Connect Program expands the reach of a publisher’s physical content to new markets through a network of select book manufacturing and distribution networks.
With this tie-up in place, RKCL’s clients i.e. publishers will gain access to new sales channels without the worry of inventory in market, importation and customs issues, shipping and warehousing costs, Repro India said in a statement.
The financial implications of the deal are not stated but it is clear that big bucks will flow into Repro’s coffers sooner or later from the deal.
Vijay Kedia is the biggest beneficiary of Repro’s success because he is the largest shareholder with 557,209 shares comprising 5.11% of the total equity. The holding is worth Rs. 29.36 crore at the CMP of Rs. 527.
Bharat Electronics and Sudarshan Chemicals are the other two stocks recommended by Vijay Kedia as “safe” stocks. NIIT, another one of his stock picks which Porinju Veliyath has described as “very, very safe” is also firing on all cylinders and giving humungous gains to its lucky shareholders.
TCPL Packaging is another stock which warrants close scrutiny because Vijay Kedia has teamed up with Dolly Khanna and Anil Kumar Goel. The three stock wizards have cornered a large chunk of the shareholding of TCPL Packaging because they are expecting stellar gains from the stock.