Ace stock-picker Vijay Kedia gives stock lessons
Vijay Kedia took the audience through his fascinating and inspiring journey as an investor at a Moneylife Investors Club seminar held at the iconic BSE International Convention Hall in Mumbai. The seminar “My Investment Journey So Far & What I learnt from my failures” was sponsored by BSE Investors' Protection Fund.  
 
Shankar Jadhav, Head - Strategy at BSE, in his introduction to the seminar said 'We want investors to be aware.'
 
Mr Kedia who is a very suceessful private investor in his own right, narrated a number of poignant experiences from his personal and professional life that have made him the stellar wealth creator that he currently is. These include childhood experiences involving perseverance to join NCC to many failures in stock trading over the first 10 years of his life and fascinating experiences in the later stages of life as an investor. 
 
The stock wizard who has picked up a number of multi-baggers over the years said that his present situation is based on whatever he could learn and adapt from his failures. A number of times in his life, he had to start from zero. He listed a number of events where he failed and the lessons learnt from them. Vijay Kedia said that these experiences have made him rich and led him to become a smarter person. 
 
Very few people would know that this extraordinary wealth-creator had actually quit the stock-market and started supplying materials to tea gardens. He came back into the stock markets again and again and started to acquire knowledge about the stock and investing process. He started following succesful investors in the market and reading about companies. He believes that 'Passion is a greater force than luck.'
 
 
Many people were not very keen on providing knowledge during those days. Vijay Kedia said, ' I tried to read in between the lines in order to learn why investors were buying a particular stock.' He remarked, ' When it comes to stock markets, mental capacity is more important than financial capacity.'
 
Highlighting the importance of experiencing a bear market for an investor, he remarked, “If you have not faced a bear market, you are not a seasoned investor yet.” He went on to explain his strategies behind an enviable list of multi-baggers including Aegis Logistics, Mico, Atul Auto and Cera Sanitaryware.
 
'Knowledge, courage and patience are critical if you want to invest in stock markets,' said Mr Kedia.
 
The session ended with an insightful Q & A session. 
 
Questions covering diverse topics including management quality, ideal size of portfolio and high PE stocks were covered. Highlighting the importance of being well informed for an investor, he said, 'Your job is to read, read and read.'
 
This was the 6th Investor Club event. The previous events can be accessed here: https://savers.moneylife.in/icvideos/ 
 

 

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COMMENTS

Harjeev Singh Chadha

2 years ago

waiting for the video to come out. Any idea when it'll be released and available for purchase?

Rishabh Adukia

2 years ago

The videos must be available free of cost, specially when its funded under investor protection fund. this is the money of investors

Bhavesh Rakhasia

2 years ago

Its was indeed great to listen to Vijay Kedia share his life journey in Stock market. All the difficulties he faced, learnings from his failures and his investment philosophy. It has cleared my mind and make me understood what mistakes i should not commit in Stock Market as a young investor.

Nifty, Sensex to move sideways – Weekly closing report
We had mentioned in last week’s closing report that Nifty, Sensex were trendless. The major indices of the Indian stock markets were range-bound initially this week and suffered a sharp correction on Friday to close around 1% lower following a huge decline on Friday with the exit of Britain from the European Union. The trends of major indices in the course of the week’s trading are given in the table below:
 
 
Higher global markets and a healthy rise in global crude oil prices, and the strong trend in US premarket futures lifted the key equity indices on Monday. The markets opened low prompted by news of Reserve Bank of India (RBI) Governor Raghurram Rajan formally declining a second term. However, healthy buying in automobile, IT (information technology) and capital goods stocks helped pare initial losses.  There were major upcoming global event risks such as referendum in Britain on whether or not to stay as a part of the European Union (EU). Further, investors have been concerned about the US Federal Reserve Chairwoman Janet Yellen's testimony to the US Congress. Value buying after the initial downslide lifted prices. Besides, higher Asian and European markets buoyed domestic key indices. 
 
In addition, an appreciation in rupee's value after it fell to a low of 67.70 restored investors' risk taking appetite. The Indian rupee opened on a weak note as investors reacted to the news on Rajan's exit. It touched a low of 67.70 against a US dollar, but sales by exporters and sovereign intervention pushed it back below 67.40 levels on spot. IT and pharma sector stocks traded firm on continuous buying support, while banking stocks also traded with sideways to firm sentiments.
 
Profit booking, combined with negative global cues and a weak rupee, subdued the Indian equity markets on Tuesday resulting in the key indices trading marginally in the red during the mid-afternoon session with selling pressure witnessed in banking, consumer durables and capital goods stocks. The Asian markets gained on the back of increased chances of Britain staying on in the Eurozone. The island nation was to go in for a referendum on this on Thursday. However, profit booking, consolidation and negative European markets dragged the key domestic indices lower. Further, investors were seen concerned about US Federal Reserve Chairperson Janet Yellen's testimony to the US Congress. In its two-day policy meet last week, the US FOMC (Federal Open Market Committee) decided to maintain its key lending rates. The US Fed signalled its intention to limit the times it might increase key lending rates due to weak domestic jobs market. A hike in the US interest rates could potentially lead FPIs (Foreign Portfolio Investors) away from emerging markets such as India. Besides, lower global crude oil prices and a weak rupee eroded investors' risk-taking appetite.
 
Uncertain global situation, profit booking and a weak rupee depressed the Indian equity markets on Wednesday, as selling was witnessed in automobile, capital goods and FMCG (fast moving consumer goods) stocks. The BSE market breadth was skewed in favour of the bears -- with 1,597 declines and 988 advances. Initially, the key indices opened positive as investors believed that Britain's upcoming referendum on whether or not to stay on in the European Union would go in favour of staying with EU. India's cabinet on Wednesday cleared the base price for the country's largest spectrum auction to date, expected to fetch around $85 billion at the approved reserve price, address the menace of mobile phone call drops and give a push to 4G data communications. The approval was given at a meeting of the cabinet chaired by Prime Minister Narendra Modi.
 
On Thursday, both the key indices opened on a flat-to-positive note, in-sync with their Asian peers, as investors were seen optimistic that Britain would stay on in the European Union. Increased chances of Britain staying on in the European Union, combined with higher crude oil prices and a strong rupee, buoyed the Indian equity markets. The key indices closed the day's trade with appreciable gains, as healthy buying was witnessed in banking, automobile and healthcare stocks. The Indian rupee strengthened by 23 paise during the day's trade. It closed at 67.25-26 against a US dollar from its previous close of 67.48-49 to a greenback.
 
In a stunning reversal of what was widely expected, Britain on Friday decided to exit the European Union (EU), rattling global financial markets. Prime Minister David Cameron, who had strongly backed the "Remain" vote, said he was quitting. Britain's decision to opt out of the European Union (Brexit) rattled Indian financial markets on Friday, while pulling the rupee to around Rs68 to a US dollar. At one time, the Sensex was down by over 1,000 points but closed down 604 points. The pound sterling fell to its lowest level against the US dollar in 30 years -- and the euro was down by under 3% -- as the result of Thursday's historic referendum that ended Britain's 43-year association with the EU. England and Wales voted strongly to exit while Scotland and Northern Ireland backed the "Remain" vote. UK Independence Party leader Nigel Farage, who had been campaigning for 20 long years to dump the EU, called the Friday result UK's "Independence Day". The result was a narrow affair: 51.9% vote for Brexit against 48.1% vote for 'Remain'. Nikkei fell by 7.92%, Hang Seng by 2.92% and DAX was down 7% at the time of writing. FTSE was down 4.4% while IBEX of Spain was down by over 12 %. Gold was up by almost 5% while crude oil fell by almost 4%. We expect the Indian market to move sideways. 

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Nifty, Sensex will remain range-bound – Thursday closing report
We had mentioned in Wednesday closing report that Sensex, Nifty is trendless. Today the indices moved flat upto 12.30 pm after which it gained momentum and edged higher to cover up more than the past two days losses. The gain has been backed by the move of Britons to vote on a referendum on whether Britain should remain a part of the European Union.
 
 
Initially, both the key indices opened on a flat-to-positive note, in-sync with their Asian peers, as investors were seen optimistic that Britain will stay on in the European Union.
 
Increased chances of Britain staying on in the European Union, combined with higher crude oil prices and a strong rupee, buoyed the Indian equity markets on Thursday. The key indices closed the day's trade with appreciable gains, as healthy buying was witnessed in banking, automobile and healthcare stocks. 
 
A couple of opinion polls in Britain have indicated that the 'Remain in the EU' camp has gained momentum. The island nation will announce referendum results on this issue on Friday.
The Indian rupee strengthened by 23 paise during the day's trade. It closed at 67.25-26 against a US dollar from its previous close of 67.48-49 to a greenback.
 
In terms of investments, the provisional data with exchanges showed that the foreign institutional investors (FIIs) bought stocks worth Rs 81.87 crore, and the domestic institutional investors (DIIs) purchased scrip worth Rs 203.56 crore.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 

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