Tracking 40 names may not be worth the effort. To some extent, it again feels like an index fund. And should these stocks have equal weightage or weight depends on the index? Should better performing stocks be given more weightage or even if underperforming but undervalued stocks should be added more? And if one stock does not fit the criteria, should it be changed with a better performing stock, and what duration of underperformance should be considered here? And one may feel to allocate more to some stocks and have only small portions in other stocks because he knows more about some sectors etc.

Also if one is investing in direct stocks, I don’t think a comparison with indices is necessary, in the sense that, if I am underperforming w.r.t Nifty 500, should I stop and invest in Nifty 500?

There are many ways to do these things, but if we are going broad with the idea and the work, then we may have to spend considerable time doing it to come to a conclusion of continuing it or stopping it.

Is anyone tracking this stock and can someone throw somelight on their performance and order book status since it is trading at 200dma

The allure of stock returns could make one think beyond the objectives. It is hard to sell even one has a gut feeling, and when one is reasonably sure of growth because he has gained some experience in the market, selling a stock PF, even if it was created for goals, is more difficult. Easy to do this with MFs was my point, the returns will not surprise us, and one can have a separate stock PF, which can be managed any which way one deems fit.

Of course, these change from person to person, one can have a stock PF and can always sell the necessary portion of shares to get the corpus required.

Brookfield is currently obtainable at a more favorable price-to-book value ratio in comparison to Embassy. All though I used to hold both of them but exited Embassy from 300 (in June 2023) Levels After it hit 325 (in Dec.2023).

I would tend to agree with this view. Mr. Market is pessimistic about this stock similar to ITC, Coal India in 2021. If it gets de-rated to P/B of 2.0-2.5, it would be still a good buy and can generate decent 14-15% returns from that level.