Vijay Kedia Flags AI Hype in Indian Companies, Bets on Data Centre Sector

 

Veteran investor Vijay Kedia has highlighted a growing trend in India where companies frequently incorporate AI into their pitches, regardless of whether it truly adds value to their operations. According to Kedia, many presentations emphasize AI opportunities, but few Indian businesses are actually leveraging the technology in meaningful ways.

 

"I do not think any Indian company is really into AI. The real benefit comes only when technology is effectively integrated into operations," he said. Kedia emphasized that the key is not just adopting new technologies, but ensuring their practical use and integration within business processes.

 

Looking at broader technology sectors, Kedia sees significant potential in data centres. The space is still emerging in India, and he believes platform companies in this domain have a promising growth trajectory. Known for identifying small companies with big aspirations, Kedia views the data centre sector as a strategic investment opportunity.

 

In his recent portfolio moves, shares of Eimco Elecon Ltd. rose more than 5% on Wednesday after a Kedia-backed firm acquired a stake in the company. Over the past year, the stock has remained mostly flat, with a decline of over 28% in the last 12 months.

 

Kedia Securities Ltd. purchased 57,441 equity shares of Eimco Elecon at an average price of Rs 1,906 per share, with the total transaction valued at roughly Rs 10 crore.