Not much to update since no change in portfolio at all.

Portfolio start date → Jan 23, 2024
Total returns → 8.97%

Hii Madhav,
Thank you for such a nice analysis.I was trying to look more on this as a techno Funda bet.As seen from the chart posted by you,Sellers volume are always more than buyer’s. Wouldn’t it be logical to wait more till volume starts increasing on buyer’s side? Whenever the price is falling volume is higher than when the price is increasing.Would appreciate your opinion on this.
Thanks.

I would delete this post as this does not add much value just replying to @iMrunmayee and @ChaitanyaC sir

this is day light stealing, I would ask this in concall, corporate governance is not good hence if you want to buy such business you better have a margin of safety

I would buy them below 20 times and sell them close to 40times this is what my strategy is, as companies with governance issues like some would never have a secular up trend

Recently when it was at 220 rs literally at 8x- 9x 2yrs forward earnings, most of the things were priced in, you should have bough it there, now once they announce something around their new factory, you would see them again at around 40times, that is the time to sell.

I have already made money out of them in 1 cycle, this is my second time doing the same thing

I am interested in this business because I see their product is great, but there are way more better companies to make money so you need not make money with just them

I am invested from lower levels

The company has not given any update on the fund raising plan since its last update on 1 March 2024. Also, there is no update from the government on initiation of anti-dumping duty probe on imported solar glass from China and Vietnam. Do not know what the company is up to. Meanwhile, the world is facing a supply glut of solar modules

China’s Solar Sector Seen Facing Years of Oversupply, Low Prices

I am unable to judge as individual investor these momentum strategies. so dont intend to spend time or effort in this . Instead spend this time understanding business, company and management better. More familiar I am with this better is my conviction. Also apply margin of safety so you dont overpay. In case you are paying high valuation … there should be leadership and long runway. like you can invest in Titan Industries or Bajaj Finance even given high valuation… Paying top dollar for new listing is a no no… These are just some ground rules of investing. To a certain extent it is inspired by Peter Lynch approach…

Thanks

Malolan