Ace Investor Vijay Kedia Trims Stake in This Tata Group Stock

The art of investing in stocks is about combining scientific knowledge with human judgment, continuous education, and disciplined execution to build and preserve wealth over time.

It requires setting clear goals, choosing an investment style that fits your personality, and staying engaged with the market and your portfolio.

However, sometimes you can follow successful investors and benefit from their market-beating strategies refined over decades.

One such esteemed investor whose every investment garners attention is Vijay Kedia.

Who is Vijay Kedia?

Vijay Kedia is a stalwart in the world of Indian stock market. Widely regarded as a market maestro, his reputation for selecting winning mid-cap and small-cap stocks has made his portfolio a guidepost for many retail investors.

Having begun his stock market journey at the age of 19, Kedia's fascination with the financial world stems from his roots in a family of stockbrokers. By 33, he established Kedia Securities, cementing his place in the investment world.

In this article, we'll discuss a stock in which he has recently sold his stake.

Which Stock Did Vijay Kedia Sell and Why?

Vijay Kedia sold his stake in the telecom company Tejas Networks.

According to the latest shareholding pattern for March 2025, investor Vijay Kedia now holds a 1% stake in the company.

He held a 1.3% stake in the company in December 2024, thus trimming his stake by 0.3%.

While the reasons for his sale remain unclear, here a few a few points that can explain the decision.

Lacklustre Financial Performance

A reason for selling could be the company's financials for the quarter ending 31 December 2024.

The net profit at Tejas Networks for the period dived to Rs 165 m, compared to Rs 266 m in the quarter ended 30 September 2024. Revenues too have dropped to Rs 2,642 m from Rs 2,810 m.

A significant drop in profitability and revenues could have left investors worried. This could be one of the reasons for selling the stock.

Also, the company's stock currently commands a high PE ratio indicating growth expectations. If growth fails to match expectations, stocks tend to react.

Promoter Stake Sale

The promoter stake in Tejas Networks has been gradually decreasing in recent quarters.

As of the latest data in March 2025, promoter holding stands at 53.83%, down from 54.01% in December 2024 and 55.42% in the September 2024 quarter.

This indicates a promoter stake sale or dilution of about 1.59% since September 2024.

Decreasing promoter stake is viewed negatively by the markets.

Institutional Selling in the Stock

Institutions like mutual funds and foreign institutional investors (FIIs) have also trimmed their stake in the stock. FIIs holdings in the company has been dropping consistently since September 2024.

Their holdings which were at 9.58% in September 2024 reduced to 8.04% in the December 2024 quarter. There was further selling during the March 2025 quarter leading to a holding of 7.08%.

Mutual funds too have sold and their stake. At the end of March 2025 their holding was 4.30%, against 4.36% at the end of December 2024.

What Next?

Anticipated large orders from telecom operators like BSNL and Vodafone Idea for 5G infrastructure are expected to boost revenues in FY25 and FY26 for Tejas Networks.

The company is also looking at continued innovation in network technologies and product development which could propel it to become a globally recognised telecom infrastructure provider.

However, the numbers for the last quarter have been a disappointment. To get better clarity on the way ahead, investors would likely have to wait for the numbers for the forthcoming quarters.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

How Shares of Tejas Networks Has Performed?

In the past five days, Tejas Networks stock is up a little over 2%. However, in the last one month, the share price has surged about 31%. In the past one year, the share price has gained about 12%.

The stock touched its 52-week high of Rs 1,495.1 on 27 June 2024 and its 52-week low of Rs 647 on 17 March 2025.

About Tejas Networks

Tejas Networks is a telecommunications equipment company.

It designs and manufactures high-performance networking products used by telecom service providers, internet service providers, utilities, defence, and government entities in over 75 countries.

Its portfolio includes wireless technologies (4G/5G based on 3GPP and O-RAN standards), fiber broadband (GPON, XGS-PON), carrier-grade optical transmission (DWDM, OTN), packet switching and routing (Ethernet, PTN, IP/MPLS), satellite communication, and network management solutions.

For more details see the Tejas Networks fact sheet and quarterly results.

Happy investing.

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