At the end of the day everyone is expected to do their own due diligence and not blindly follow anyone’s investment advice. @Worldlywiseinvestors provides an invaluable service to countless number of retail investors and much if it is free too. When we benefit we have no problem then why complain when there’s a draw down? At the end of the day you and only you are responsible for your investment decisions.

Ps: Invested in IIFL

Did anyone attend the conference call?

Assume I am an interested party in everything I comment upon.

I am on the other side of the spectrum. I bought TICL a little over a year ago and sitting on ~5x return whereas my return expectation was 17-20% (HoldCo Return = Underlying Portfolio Return + Dividend Yield ± HoldCo Discount). So fundamentally I got 9/10 year returns in a year.

I think I got lucky and due to some bad luck. Now when that bad luck strikes is anyone’s guess.

Although there are a few triggers which market participants are giving certain weightage (less or more, time will tell):

1. Upcoming NSE IPO (date is not announced yet)
2. Upcoming TATA capital IPO (expected date is in 2025)
3. Upcoming TATA Sons IPO (date is not announced yet)

Maybe a few more unexpected +ve triggers on the upside perhaps. maybe!

My current rationale from the portfolio level is to trim the position (soon) from purely reducing concentration risk. However, I think it’s prudent to hold since there’s nothing that fundamentally has changed i.e. it’s still an optimal way to index the TATA group of companies (my primary thesis) which still pays around 80% of earnings as dividends (a bird in the hand is worth two in the bush).

But definitely, CMP is over the top and due for some correction (as I mentioned I am due for some bad luck anytime).

Please correct me if I made any wrong assumptions above. Happy to learn and course correct.

Disc : Invested from early 2023 levels (position size here). No transactions in the last 30 days.

Delhivery cmp 460. Stock price posted a post IPO (IPO price at 487) listing high of 708 and fell down precipitously along with most other fancied newly listed companies in 2022 . It posted a low of 291 in Jan 2023 and started rallying. It crossed its 52 week high of 450 few weeks back and posted a swing high of 488 and has been consolidating at and around its breakout level of 450.

It has broken out above a cup and handle pattern above 450. If this pattern plays out target can be 600.

In the chart attached, I have put in retracement levels of the fall from 708 to 291. 450 also happens to be 38.2% retracement of the fall. On charts therefore 450 region remains very important.

Fundamentally company posted its first quarter of net profit growth in q3 fy 24. Company does presentations, concalls so anyone interested can do detailed research.

disc: invested as a techno funda bet. ( not a recommendation. Please do your own diligence if you consider investing. )