In Market Meltdown, Porinju Veliyath’s Stocks Stand Tall & Defiant

Today was a particularly dreadful day for the markets. The Sensex plunged 550 points (1.96%) while the Nifty plunged 160 points (1.88%). There were deep cuts all round and all portfolios were thrown into disarray.

However, while all investors were scurrying around in panic, Porinju Veliyath had a big grin on his face. He was thoroughly enjoying himself. Most of his stocks had bucked the trend and were glowing in green, with huge gains to their credit.

The star of today’s session was Sahyadri Industries, the micro-cap stock that Porinju bought just a few days ago at Rs. 86.42 each.

Sahyadhri appeared to be on a diet of steroids. It not only bucked the trend but surged nearly 15% to rest at Rs. 131.90.

On a normal day, such a performance is remarkable. On a day of carnage, it is simply extraordinary!

The astonishing part is that in just a few days, Porinju and his followers have pocketed 52% gains from Sahyadri Industries.

This comes on the back of spectacular gains from other stock picks like Vadilal Industries, NIIT, Shreyas Shipping, IZMO, etc.

Porinju couldn’t resist the temptation to gloat over the stellar performance of his stocks:

Nifty down; not market! Sahyadri up 11% V2 Retail 10% Balaji Amines 17% NIIT 6% Force 4% Stylam 6% Vadilal, Izmo, HPCL up Rubfila 11% up

— Porinju Veliyath (@porinju) July 27, 2015

(Nifty down; not market! Sahyadri up 11% V2 Retail 10% Balaji Amines 17% NIIT 6% Force 4% Stylam 6% Vadilal, Izmo, HPCL up Rubfila 11% up)

Porinju further rubbed it into his detractors:

NIIT up 8% – new high! Ignore the bearish talk & sentiment; hunt for values… Market outlook is very bullish, for smart stock pickers!!

— Porinju Veliyath (@porinju) July 27, 2015

(NIIT up 8% – new high! Ignore the bearish talk & sentiment; hunt for values… Market outlook is very bullish, for smart stock pickers!!)

He also rubbed salt into their wounds: “Izmo up by over 100% in 5 moths; NewGen Value Investors had 21 reasons, not to buy”

Porinju couldn’t stop: “There were 17 reasons for ‘moat’ investors to avoid this idea (Mirza Intl) – up by 290% in 13 months!”

As expected, Porinju was mobbed by his legion of ecstatic fans.

‏@arjuna49 got slightly carried away. He equated Porinju with the legendary Peter Lynch: “@porinju you might be the Peter lynch of indian stock market .. Hats off, uncomplicated stuff!” he said.

“@porinju Every tweet of your’s brings #achchedin for your followers.” @imcoolhead said in an emotional tone.

“@porinju amazing we blindly follow you n you never regret to your follower” @galleria33 added.

“@porinju maan gaye Sir……Power of value investing” @kailasht143 said.

@chpjitendra kept in simple but intense: “@porinju you are my mentor” he said.

Meanwhile, Porinju’s detractors, the purists who believe that investing in blue chips is the only way to make wealth, maintained a diplomatic silence. No doubt, they are biding their time and waiting for their chance to hit back.

This battle between the believers in blue chip stocks and the believers in so-called “low quality” stocks will continue and will be interesting to watch.