CNBC-TV18 Exclusive | Invested in Shalby with the idea of getting into hospital theme, says Vijay Kedia, MD of Kedia Securities. He tells Prashant Nair that he missed opportunity in the railway/defence theme.



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About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.

Welcome back, we're in conversation with prominent noted investor Vijay Kedia and we've been talking about what he's been doing in the market, the companies that he likes, themes that he's betting on.

Last week, Before we took that break, we were talking about railways and defence as a theme.

What do you feel about the market itself?

I mean, last time I spoke, I remember we spoke, you said you think bull markets are going to be much longer and bear market phases will be shorter and shorter.

This phase since 31st of March has been incredible.

So this is what I had said at various times on various platforms.

that 1 structural change that happened in Indian economy and that reflects in the function in the stock market also that bull markets are now longer.

The first time in the history of stock exchange, bull market of 2003 lasted for 5 years, 2, 3, 4, 5, 7.

And after that, bull market lasted only for 18 months.

Same thing happened during the COVID time also.

So now I think this bull markets are longer and bear markets are shorter.

And first time this since this the bull market of 2003 lasted for 5 years.

I think this bull market should last for 10 years at least So this is what if you see the chart that 1 top 1 It's a new new high is made then it is much, you know bigger than the last high So same thing is applicable here Also, This bull market should last for 8 years or 10 years or maybe 12 years.

From whenever you, I think it started from

Many crashes, many halts and many ups and downs, many fluctuations.

But during that all this, all this spectrum, the runway will be larger as we will be longer.

You know, I want to talk about a few futuristic kind of themes that you're betting on.

You own more than 1% stakes in affordable robotics.

There's a company called Innovators Facade, which is I think, lesser discussed.

And Tejas Network, which of course, I think is 1 of the out of the 3 Tejas perhaps gets the most attention.

Talk to us about I mean affordable robotics and innovators facade.

These are SME listed company And the stock has gone up 10 times.

Affordable robotics has gone up 10 times from the bottom.

So 1 has to be very careful at this price.

There is no, I'm not suggesting, I'm not recommending to buy the stocks.

First of all, in both the states, Even innovators also.

52 week, high low is 50 rupees and 220 rupees.

So, it's a risky now because since price have gone up so much.

Because from my cost price they are still 7 times, 8 times, so I may sell some shares.

But I think they still have a long runway to...

2 lines, you tell about the business of both of them.

Innovator facade is into facade, as the name suggests.

OK, so whatever all the high-rise buildings are coming up, you go to Dubai, you go to Europe and you see, find all the buildings, 99, I think 100% buildings are made of facade only.

There are no walls, front walls and all side walls are only pillars and facade only.

And there are hardly 3, 4 companies which are pioneer in making facade.

And 2, I think Indian companies had been sold out to Japanese companies.

So Innovator is the only listed company in facade business.

And earlier they were struggling to get order worth 30, 40, 50 crores of rupees.

Now you will see their announcement on BSE.

Every now and then they are getting even IKEA has given them an order of 120 crore.

So that is why I'm holding on to the shares.

But this is old story, my old investment, nothing new.

Do your own research, then you buy the shares.

So earlier, they were automating the assembly line of automobile industries.

Mahindra, Mahindra, and TVS, Bajaj, even Atul Auto, also their customer.

We have also installed 1 or 2 robots from them.

So now they are doing warehousing automations.

And already they have announced, they have done some analyst meet and call where they've announced that they are doing something in the US and they have tied up with Toyota as a channel partner or vendor partner or whatever it is.

Let me tell you, If you will calculate the current financials, then you will find the stock is very expensive.

What theme they are venturing into is yet to be played out.

You own more than 1% in Shelby Hospitals.

Yeah same, hospital industry theme, I read somewhere 26, 000 crore to be invested in the hospital industry in this year.

So this is good company, old company, run by good management, And I am also a director in this company, let me tell you.

And I thought that this company should do well, because hospital, ultimately, the way population is rising, people have become so conscious about their health and all.

So all these hospitals, And there are few organized hospitals in India, may not be more than 15, I think, all over India, organized hospital.

Your 16 investments that you have, name 1 or 2 which publicly early, sort of, you know, more than 1%, which is the 1 which you are which is not done well and which you think now uptime ayega out of the 16.

You see I don't know last time if you would have asked me 3 months back so then I'd have said that Repro did not perform for me I bought repro 6 7 years back and you still at the same price that time it was 400 rupees in 3 months Now it is

So So it depends which year is going to you know rise when so since now you are asking me I don't remember that I have any regrets as it is.

I have less regrets in life This is what stock market has taught me.

Only regret I have that I don't have any regret.

You have released a new song this weekend.

This is a business of knowledge and patience.

Sochkar samajhkar invest kar, rumor pe tip pe na time waste kar.

Knowledge aur patience ka business hai ye, anubhav se seekh aur waste kar.

Digest your love too There is a formula to making money There is a formula to making money Think long term and rest Think, understand and invest Don't waste time on rumours

and tips If we had an audience, I think there would be taaliyan bol sakte the.

Aur theme bhi bahut badiya aapka, which is Investor Awareness and I think it's a noble kind of song and I hope exchanges are taking notice

So I mean on that note, thank you so much for dropping by

It's always a pleasure speaking with you.

Thanks very much Thank you Well, that's a wrap on this special discussion with Vijay Kedia.


Speaker 0: Welcome back, we're in conversation with prominent noted investor Vijay Kedia and we've been talking about what he's been doing in the market, the companies that he likes, themes that he's betting on. Last week, Before we took that break, we were talking about railways and defence as a theme. Just 1 question, Vijay. What do you feel about the market itself? I mean, last time I spoke, I remember we spoke, you said you think bull markets are going to be much longer and bear market phases will be shorter and shorter.

This phase since 31st of March has been incredible. Stocks have gone through the roof.

Speaker 1: So this is what I had said at various times on various platforms. After

Speaker 0: 2003,

Speaker 1: that 1 structural change that happened in Indian economy and that reflects in the function in the stock market also that bull markets are now longer. The first time in the history of stock exchange, bull market of 2003 lasted for 5 years, 2, 3, 4, 5, 7. And after that, bull market lasted only for 18 months. Same thing happened during the COVID time also. So now I think this bull markets are longer and bear markets are shorter.

And first time this since this the bull market of 2003 lasted for 5 years. I think this bull market should last for 10 years at least So this is what if you see the chart that 1 top 1 It's a new new high is made then it is much, you know bigger than the last high So same thing is applicable here Also, This bull market should last for 8 years or 10 years or maybe 12 years.

Speaker 0: From here?

Speaker 1: From whenever you, I think it started from

Speaker 0: 2022.

Speaker 1: So, maybe. So, it should last 8 years

Speaker 0: or 10 years. With some halts along the way?

Speaker 1: With many halts, of course. But smaller,

Speaker 0: smaller, smaller halts.

Speaker 1: Yeah, yeah. Many crashes, many halts and many ups and downs, many fluctuations. That will happen. Many themes will come and go. But during that all this, all this spectrum, the runway will be larger as we will be longer.

So this is what I feel.

Speaker 0: You know, I want to talk about a few futuristic kind of themes that you're betting on. And this is all public information. You own more than 1% stakes in affordable robotics. There's a company called Innovators Facade, which is I think, lesser discussed. And Tejas Network, which of course, I think is 1 of the out of the 3 Tejas perhaps gets the most attention.

Talk to us about I mean affordable robotics and innovators facade. What's the idea here? What's the bet?

Speaker 1: These are SME listed company And the stock has gone up 10 times. Affordable robotics has gone up 10 times from the bottom. So 1 has to be very careful at this price. There is no, I'm not suggesting, I'm not recommending to buy the stocks. First of all, in both the states, Even innovators also.

Innovators in COVID was 20 rupees. Now 220. 52 week, high low is 50 rupees and 220 rupees. Same is affordable. So, it's a risky now because since price have gone up so much.

But I believe the story is intact. Maybe I can sell some shares. Let me tell you. Because from my cost price they are still 7 times, 8 times, so I may sell some shares. So that is a different issue altogether.

But I think they still have a long runway to...

Speaker 0: 2 lines, you tell about the business of both of them.

Speaker 1: Innovator facade is into facade, as the name suggests. OK, so whatever all the high-rise buildings are coming up, you go to Dubai, you go to Europe and you see, find all the buildings, 99, I think 100% buildings are made of facade only. There are no walls, front walls and all side walls are only pillars and facade only. So that cult is coming up in India. And there are hardly 3, 4 companies which are pioneer in making facade.

And 2, I think Indian companies had been sold out to Japanese companies. So Innovator is the only listed company in facade business. And earlier they were struggling to get order worth 30, 40, 50 crores of rupees. Now you will see their announcement on BSE. Every now and then they are getting even IKEA has given them an order of 120 crore.

So that proves their credibility. So that is why I'm holding on to the shares. So this is the story of facade. But this is old story, my old investment, nothing new. So don't buy the shares.

Do your own research, then you buy the shares. And same thing is in affordable robotic. So earlier, they were automating the assembly line of automobile industries. Mahindra, Mahindra, and TVS, Bajaj, even Atul Auto, also their customer. OK, they used to put robot.

We have also installed 1 or 2 robots from them. So now they are doing warehousing automations. And already they have announced, they have done some analyst meet and call where they've announced that they are doing something in the US and they have tied up with Toyota as a channel partner or vendor partner or whatever it is. So things are happening there also. The concept is good.

The stock is expensive. Let me tell you, If you will calculate the current financials, then you will find the stock is very expensive. So 1 has to be careful. But the theme is yet to be played out. What theme they are venturing into is yet to be played out.

Speaker 0: You own more than 1% in Shelby Hospitals. I mean, it's a-

Speaker 1: Yeah, 1%. Yeah, around. Is that a- Because of hospital.

Speaker 0: Hospitals are coming. Yatharth is the latest listing. Stocks are doing well. Interest is high. Yes.

Do you think it's a theme worth...

Speaker 1: Yeah same, hospital industry theme, I read somewhere 26, 000 crore to be invested in the hospital industry in this year. So this is good company, old company, run by good management, And I am also a director in this company, let me tell you. So this is, again, a disclosure. And I thought that this company should do well, because hospital, ultimately, the way population is rising, people have become so conscious about their health and all. So all these hospitals, And there are few organized hospitals in India, may not be more than 15, I think, all over India, organized hospital.

So they should do well.

Speaker 0: Your 16 investments that you have, name 1 or 2 which publicly early, sort of, you know, more than 1%, which is the 1 which you are which is not done well and which you think now uptime ayega out of the 16.

Speaker 1: You see I don't know last time if you would have asked me 3 months back so then I'd have said that Repro did not perform for me I bought repro 6 7 years back and you still at the same price that time it was 400 rupees in 3 months Now it is

Speaker 0: 400

Speaker 1: to 800 rupees. So So it depends which year is going to you know rise when so since now you are asking me I don't remember that I have any regrets as it is. I have less regrets in life This is what stock market has taught me. And you know, I have sang a song also. Your regret will continue in life.

Only regret I have that I don't have any regret.

Speaker 0: So, let's sing a song on

Speaker 1: this topic.

Speaker 0: You have released a new song this weekend. So, sing a little bit and let us know.

Speaker 1: Yeah, yeah. So, the song is like this.

Speaker 0: It's on Investor Protection.

Speaker 1: Yes, yes.

Speaker 0: 100%. Please, a little.

Speaker 2: Think before you invest. Don't waste time on rumours and tips. This is a business of knowledge and patience. So, I'm going to sing a few lines.

Speaker 1: Sochkar samajhkar invest kar, rumor pe tip pe na time waste kar.

Speaker 2: Knowledge aur patience ka business hai ye, anubhav se seekh aur waste kar. Sochkar samajhkar invest kar, rumor pe tip pe na time waste kar. Digest your love too There is a formula to making money There is a formula to making money Think long term and rest Think, understand and invest Don't waste time on rumours

Speaker 0: and tips If we had an audience, I think there would be taaliyan bol sakte the. Bilkul, malar bahut badiya. Aur theme bhi bahut badiya aapka, which is Investor Awareness and I think it's a noble kind of song and I hope exchanges are taking notice

Speaker 1: This can

Speaker 0: become a theme song

Speaker 1: Yeah, yeah, of course

Speaker 0: So I mean on that note, thank you so much for dropping by

Speaker 1: Thank you

Speaker 0: It's always a pleasure speaking with you. Thanks very much Thank you Well, that's a wrap on this special discussion with Vijay Kedia. Thank you for staying with us. But we'll back to the studios. We'll be back in just a moment.

Speaker 1: We'll be back in just a moment.

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Vijay Kedia's Big Stock Bets & Themes To Invest In | CNBC TV18