Correction overall PF gains are 155% March 23-24.

Hi @Amit_Paul

Added wockhardt as new entry, development on two molecules is very interesting. Trimmed Some force motors as it has gone 6 X in an year. No other changes, booked some loss making positions to cut short term gains, below is current PF rightnow

Kalyan Jeweller ( 30%) 300% gains
Force motors ( 12%) 500% gains
Aditya Birla Fashion ( 12%) – 40% gains
Aditya Birla Capital ( 9%) 10% gains
Tata power ( 6%) 25% gains
AGI Green ( 6%) 225% gains
Arvind Fashion ( 6%) 50% gains
Sanghvi Mover ( 7%) 60% gains
Narayana Hrudayala (4%, accumulation mode)
LT Food (3%) 20% gains
Thomas Cook (2.5) 20% gains
Wockhardt (2) new entry
Brand Concepts (2.5) 100% gains

Overall PF gains 250% March 23-24.

Trading positions

1. Swelect Energy
2. Jubilant Pharmova
3. PVRINOX
4. Rushil Decor
   5 Jash Engineering
   6 LIC Housing
   7 Suzlon

you are awesome…Do you follow such PE investors specifically and regularly? Do you have some resources to do it or this is just one-off?

To clear your doubts . I will give an example of the same investor’s( Warburg Pincus ) investment in Laurus Labs . They bought a 32 % stake in 2014 at a 1700 cr valuation. They sold some stake when Laurus went public in 2016 at 5000 cr valuation (Stock price of around 100 )They sold the remaining stake ( around 20%) in May and June of 2020 at 5000 cr valuation( Again stock price around 100) . By the end of September 2020 Laurus was trading at 250 per share. By July 2021 Laurus was trading at 650 per share . They made 3 times their money in 6 years , but missed 6.5 times rise in the next one year . Once their selling was done , there was no stopping the rise. Remember they were on the board of Laurus too.
Fun Fact : Warburg Pincus invested in QIP of Idfc first bank in May June of 2020 at around 20 Rs per share . We cannot say for certain , but some money from Laurus sale might have been used for Idfc first QIP. Even after waiting for 4 years , they could not get the 6.5 times return in Idfc first that Laurus got in next one year .
Conclusion:

1. Even the biggest investor , with the access to CEO and the board information can make horrible calls.
2. If you are right in the fundamental analysis of the company , the exit of the biggies is often the best time to load up .
   It’s not a recommendation to buy Idfc first , but according to me it is definitely a good time to look at it more closely .

Cineline did 20 cr ebitda in q2-24 from cinema business with 64 screen operating, extrapolating it as an avg for 4qrts makes it rs 80cr ebitda(its naïve and too much of an optimism to assume this considering seasonality, hit releases etc, but just for sake of some estimation)
if they sold hotel for rs500cr(as they claim its the valuation) and added 230 screens (its from the company published info about cost of installing a screen) they should generate around rs300cr additional ebitda.
Currently hotel does an ebitda of rs 10 cr per year, so growing screen count looks like better capital allocation.

Its still however a riskier investment considering the past history, but it can playout well if they execute as per the published plan and maintain operating metrics.