@sandeep17
Yes.
If one invests 10 Cr in Nifty and do nothing, one makes 1-1.4cr p.a.
If one earns the same return of 1-1.4cr with 5 cr, managing the fund actively on his own, then it is called full-time investing.

Fully agree… new ethanol mills will not come up for at least a few years.
Cane production is limited and cane prices are high – neither a volume nor margin play.
any company going for expansion – shares should be sold as they are sure shot into problems…

Grain based distilleries are praying for maize prices to come down… which is highly unlikely given so much capacity has been added for grain distilleries…

“Also, the promoter holding has reduced slightly for last 2 quarters sequentially.”

per my understanding this is due to ESOPs largely for their Poland employees.

below quote for last concall

So once again a mini turbulence on 7th Oct resulting in a 3.5% cut in the portfolio on that day. But then the bull run that we are in for most part of this year, the market and the portfolio recovered in super quick time. Portfolio stays as it is – although I started this portfolio only this year, this portfolio is an extension of a manual backtesting exercise I did on paper from 2019. With just 1 stock swap this year, its been the lowest ( unless something major happens in the next 2 months ). The previous lowest was 2021 when there were 6 stocks that got swapped.

Portfolio start date → Jan 23, 2024
Total returns → 50.49%

While portfolio returns look good, I continue to ponder if just sticking to a basket of momentum index funds makes better sense? Will continue to evaluate.

Nuvama has published one report sometime back, useful information on Jeena Sikho – It’s on my radar as well – https://www.nuvamawealth.com/ewwebimages/WebFiles/Research/ced6f95c-6e6a-4f0d-93cb-e2d393ea148a.pdf