Exit at the Peak: Vijay Kedia Bows Out of Tejas Networks After 975% Ride

Image Source: Navbharat Times

Seasoned investor Vijay Kedia has finally cut his stake in Tata Group's Tejas Networks, ending the five-year multibagger journey. His name does not appear in June 2025 shareholding data on the Bombay Stock Exchange, suggesting a complete exit or below the 1% disclosure threshold.

Key Highlights:

Kedia purchased Tejas Networks in Q1 FY21 with a 1.52% stake, which grew to 4.39% in September 2020.

over time, he progressively scaled down his holding—down to 1.87% as of June 2024 and 1.02% as of March 2025.

His resignation comes after Tejas Networks' Q1 FY26 net loss of Rs 194 crore, a sharp turnaround from Q1 FY25 profit of Rs 77 crore.

Topline declined to Rs 202 crore, down 87% from the year-earlier period, as purchase orders and shipments were delayed in clearing.

The stocks dropped over 50% in 2025, hitting a 52-week low of Rs 605.

Market Sentiment:

Kedia's departure has spooked retail investors, especially considering the poor visibility of the company's execution and turbulent order flows.

Experts predict the exit to signal caution over midcap IT and telecom hardware counters, which are under pressure from post-COVID budget cuts.

Even as the recent downturn shadows the investment, Kedia's wager yielded a staggering 975% in five years, which shows his capacity to identify high-growth opportunities—though the exit timing is equally important.

Sources: Economic Times, CNBC TV18, Zee Business, LiveMint.