2018 has been a year of largecaps so far with the Nifty trading with a positive bias but the real pain has been seen in the broader markets with the midcap and smallcap indices down 13 to 20 percent.

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So it was an ideal time to talk to noted investor Vijay Kedia, who is known for his bottom up approach.

He is noted from 100 baggers like Aegis Logistics, Cera Sanitaryware and Atul Auto and the most recent 10 bagger is Sudharshan Chemicals in the past four years.

Kedia told CNBC-TV18 that he is 100 percent invested in the stock market and is not sitting on any cash. He believes that a bull or bear market doesn’t matter when you invest in a correct company.

Earlier he used to look at just the bottomline and topline while picking a stock but the key to picking a good stock is the concept and growth seen in the company. He added that growth prospects are at the top of his mind.

Kedia recently bought stake in Everest Industries and said that it is a blend of top down and bottom up investing as the sector on the whole is looking up.

Timing is essential while picking some 100 baggers like Cera , Aegics and Atul and the biggest advantage while picking a multi bagger is when market is weak and one can identify stocks at 5x to 6x.

While on a visit to China, he observed that China was losing the grip on pigments and chemicals space in 2014. That's when he ramped-up his position in Sudharshan Chemicals, which he initially bought in 1990’s.

Kedia said he continued to remain bullish on specialty chemicals stocks.

On a recent debate whether gambling should be legalized or not, he said that taking a chance in stock market is as good as gamble.

When quizzed on the SME (small and medium enterprise) space he said that one should not distinguish between SME or main board listed companies as long they are fulfilling the investment criteria but added that one should be a long term investor.

Kedia has invested nearly 9 percent in Innovators Facade Systems, which is listed on the SME platform. He has trimmed his stakes in Karnataka and Aries Agro and invested in Everest industries.

He does not see any big political risks for the domestic stocks market as he believes no matter who comes to power, investors will continue to remain positive on select companies as Congress is a tested government and BJP is doing good work.

First Published:Jul 9, 2018 6:28 AM IST