Vijay Kedia Portfolio: Ace Investor Exits THIS Tata Group Stock After Scoring Multibagger Returns In 5 Years

Vijay Kedia Portfolio: Veteran ace investor Vijay Kedia has made an exit from his stake in Tata Group's Tejas Neworks Ltd, nearly five years after he first gained exposure to the telecom equipment manufacturer's stock.

According to the latest shareholding data on BSE for the quarter ended June 30, 2025, Vijay Kedia's stake, under the name of Kedia Securities, does not feature in the list of public shareholders of Tejas Networks.

After scoring as much as 975% multibagger returns over the last five years, veteran investor Vijay Kedia appears to have exited his position from Tejas Networks. At the end of the March quarter of FY25, Kedia owned 18 lakh shares of Tejas Networks, which equals a 1.02% stake.

The absence of Kedia's name from the shareholding data could either mean that the investor has made an exit from the stock, or his stake as now declined below 1%, which does not require disclosure.

Kedia's name appeared in the shareholding list in 2020 with a 1.52% stake, which rose to 4.2% in September. Since then, the investor has been regularly trimming his stake in the stock. By June 2024, Kedia's stake in Tejas Networks had declined to 1.87% from the 4.39% peak. Over the next three quarters, Kedia's stake went down to 1.02%.

Tejas Networks Ltd. swung into net loss during the April-June period. Net loss of the broadband company stood at Rs 193.9 crore during the first quarter of the ongoing financial year ending March 2026, as compared with profit of Rs 77.48 crore clocked in the year-ago period.

Tejas Networks Q1 FY26 Highlights (Consolidated, YoY)

• Revenue down 87.1% to Rs 201.98 crore versus Rs 1,562.77 crore

• Net loss at Rs 193.87 crore versus profit of Rs 77.48 crore

• EBITDA loss at Rs 135.67 crore versus Rs 230.03 crore

On Thursday, shares of Tejas Networks settled 1.02% higher at Rs 621.80 apiece on the BSE after rising 2.27% to Rs 629.60 during the session. Shares have declined 13% this month, nearly 30% in three months, 52% in one year and 47.4% on a year-to-date (YTD) basis.

The company commands a market cap of Rs 10,986.65 crore. From the September 2020 share price of Rs 70 apiece, shares of Tejas Networks rose to hit an all-time high on Rs 1,495.1 on June 27, 2024. Currently, the stock is 60% lower from those levels. The relative strength index is 28.24, indicating that the stock is oversold.