A tracking position means tracking the company. So if one is confident that he has tracked the business to the point of buying more, he can start building a position.

It can happen that, we might have got excited knowing about a business and bought some shares out of excitement, and after a few days the excitement may disappear, and we by ourselves may feel that we have made a mistake. So, it does not do harm to wait for a couple of weeks.

If there is no such thing, we can wait for the immediate 1 or 2 quarters’ results to come, and go forward, we can also check what others in the stock are doing, how price w.r.t results is behaving, and price w.r.t business is behaving, and then act. Of course, we can buy irrespective of what others are doing, but this means that, we have done some work, and we have an independent view, even an opposing view to others, seeing value when others are not, so we are buying even if others are selling.

Also, if it is considered a long-term holding, building a position need not be quick, we can go slow, we can buy more with time, even buy at a higher price, and participate in a long journey.

Some thoughts, and it can be done in many other ways too.

The company is holding Rs. 660/- worth of investment, bank balance and cash. The stock price is Rs. 1111/-. Nil Debt, Good earning, good margin, good management, in short all good parameters Why isnt the stock moving. Something amiss.

There has been multiple churns here. I use my personal PF as high churn and regular profit booking. Caplin Point is untouched. Pi Industries bought more, some Natco Pharma bought after trading earlier IDFC Bank changed to IDFC for the full investment, bought back some Dynacon Systems. The PF looks as below. Suggestions are welcome

Sageone is a nice name, and its investment in the company is a welcome step. This investment shows the strength of business model of the company and integrity of the management. This is Sageone philosophy in a nutshell-

The company is issuing 5,81,397 shares [6.17% of the company] to Sageone at the rate of Rs. 430/- per share aggregating around 25 crores.
Issuance of shares has been on a slightly lower price, it could have been on slight premium to the market price.
But the fundamental question is as to what the management is planning to do with this capital? The founders have created this company with almost no capital. I am sure, with judicious use of this capital, the company can go much higher.

India’s sugar output set to plummet to 28 million tonnes in 2024-25

• Depletion of water reservoir levels has hurt cane plantings in southern India

• No diversion to ethanol likely