Vijay Kedia Success Life Story | Vijay Kedia Net Worth 2023
The life story of Vijay Kedia is full of ups and downs. He was born in a middle-class family. His father was a stock broker. His father died when he was 14 years old.
Now the responsibility of the family was on his shoulders. He wanted to do business but there was no money in the house. That’s why he continued his family’s stock broking business, but Vijay had no interest in this work.
That’s why he started trading shares for a year and a half, he made a good profit, but now he started making big losses. Once he had a loss of seventy thousand rupees in a trade, then his mother asked him to sell his jewelry. But her losses were covered in 4-5 days and she did not need to sell the jewelry. But this made Vijay very bored.
Now Vijay Kedia decided to quit trading and started focusing on investing. If you do not find the difference between trading and investing, then let me tell you that in trading, shares are held for a few seconds to a few months. In this, trading is done by looking at the price of the share.
“In investing, the focus is on the business of the company. In which the focus is on the products, promoters, and brand value of the company.”
Because most of the stock market work was done in Mumbai, so he decided to shift to Mumbai. Now he has come to Mumbai. But no big investor in Mumbai wanted to share his knowledge with anyone.
So he started learning from his experience. Newspapers and magazines related to the stock market were read and started to educate and update oneself with the experience of the people in the stock market.
He had thirty-five thousand rupees in savings. Now he was looking for a good stock (company) in which he could invest. And soon he got that share. His name was Punjab Tractor.
Vijay Kedia invested his entire capital in Punjab Tractor. And Punjab tractor four to five times bigger in two to three. Then he sold all the shares of Punjab Tractor. And take the shares of ACC for all that money. He took them for 300 and Harshad Mehta reached the price of 3000 very quickly in Bull Run. And he felt ACC was overvalued at this price. For three thousand, he sold all the shares of ACC.
And after taking some shares on a flat for himself, a few days later, when Harshad Mehta’s bull run ended, he suffered a huge loss. He admitted that out of greed, he invested in the wrong companies.
Now he took the decision of not compromising on his investment philosophy. He bought the share of Atul Auto at an average price of Rs 5 to 10 and there was no movement in its price for four to five years. But he had complete faith in his conviction. And soon after seeing its price became 500. Vijay Kedia sold all his shares for Rs 500.
Today the Vijay Kedia net worth is more than 1000 crores. They say that the small and fat investor I have become today, the main reason for this goes to my mistakes, I have paid a very big price for top-peak learning.
My name is Pradeep. I am the founder of Valuablesx.com. I have 10 years of experience in finance sector, and on this blog I share my experience. Please tell me how you liked my blog by commenting.
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