Whats the rationale for 30% in cable stocks (Polycab, KEI)? Valuations are super rich + overhang of Income Tax outcome for Polycab. Would you not be better of diversifying across the energy sector (transformers, solar EPCs)?

Plus wanted to understand what your exit strategy is? Is it purely based on a stage 3 breakdown or would you check fundamentals (valuations, growth outlook) etc?

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I agree with @Srinidhi_Adiga. We are still in a wait-and-watch situation.

My brief notes from the Transcript of Management Presentation, 10-May-24.

Medium- to long-term prospects are promising:

1. Carbon segment: Q2-2024, signs of market stabilization >> potential return to normalized margins in the latter half of the year.

2. Announcement of a new, US green-aluminium smelter from CPC and CTP customer, Century Aluminum. First new smelter built in the US in 45 years.

3. Aluminium industry contributed about 38% of consolidated revenues. Expect this to return to its normal range of 45%-50% of revenue next quarter.

4. Increased import quota based on Commission for Air Quality Management (CAQM) ruling. Rain’s quota of Green Petroleum Coke (GPC) import raised from 1.4 to 1.9 million tons per annum.

But short term pain to continue:

• Foresee correction in certain key raw material prices, which will directly impact financial recovery.
• Quota implementation for GPC import at the SEZ plant is pending regulatory steps. Ramp-up expected once clarified.

I have no position in the stock at the moment. Am waiting for the results to catch up with expectations.

Am looking for holes in my understanding. So please feel free to critique. And as always, DYODR.

Blinkit has a much wider asortment and hence people have no option. The service isn’t bad, so that’s there. Lastly, the target audience that they are catering to may not care so much for the 20 bucks… they instead fatten the order (its my thesis), which is reflected in consistently higher AOVs for Blinkit.

Swiggy is still bleeding losses in its Q-Com businesss (FY25E EBITDA loss for Swiggy is likely to be around ~2400 crs) so I tend to think of their model of free deliveries as unsustainable.

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Over a given period, the NSE500 companies have demonstrated a staggering growth trajectory in profit, escalating from 27k to a substantial 380k, marking a remarkable 14X leap. This underscores a profound resilience and dynamism within a diverse array of companies, showcasing the breadth and depth of India’s corporate landscape.
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Moreover, the prominence of reputed and high-quality names within the Nifty hasn’t translated into commensurate wealth creation, highlighting the limitations posed by sectoral dominance and market dynamics.
In essence, while the Nifty continues to capture attention with its apparent profitability, the robust and diversified growth witnessed across the NSE500 companies serves as a compelling narrative of wealth creation potential beyond the confines of a singular index. As investors navigate the intricacies of the Indian equity market, a nuanced understanding of broader market trends and sectoral dynamics is indispensable in optimizing wealth creation strategies. Data under Nifty /NSE500 on TTM basis could capture only 38/261 companies which has shared their result. Hope you find the data useful.