Probably…because their receivable are rising that too when no increase in debt level.

The broader market witnessed a deep correction today. Plus the mkt in general has been correcting for the last few sessions. I thought, it was a good opportunity to make some changes at portfolio level to take advantage of steep price cuts in stocks that I always wanted to buy. Hence resorted to some chopping / changing today – As follows –

Completely sold –

RPG Lifesciences ( I thought, its valuations were now rich )

Marathon Next Gen Realty ( I made descent money in this despite having limited knowledge and conviction about the RE sector. Hence I thought – lets book profits here )

Together, these 2 stocks comprised about 5 pc of my portfolio. Utilised the cash to buy –

Fresh Entry –

Cholamandalam Investment and Finance ( always wanted to buy it. I thought – the recent dip may be a good entry point )

Incremental additions in –

Federal Bank
Karur Vysya Bank
Kopran
SAMHI Hotels
Bajaj Finserv
Cera Sanitaryware
Neuland Labs
Laurus Labs
Lumax Auto Technologies

They launched the city series for Bengaluru Duty Free. Price is 9500. They continue to innovate and market well.

Anyways…It is in the hands of RBI and I am sure that industry players conveyed their views and sanity prevails…I am ok with any of the accounting related jugglery rules ( provision etc)as long as loan is recovered…In a way , I prefer lumpiness which gives opportunities to add the stock as most of the market players prefer certainty…RBI shall keep big stick first sothat industry players ask for small stick…If RBI itself keeps small stick , industry players shall ask for No Stick…These are things which are not under any of our control and the past clearly has reasonable amount of bad loans given to pvt players by these power psu nbfcs…I only hope they give fewer bad loans…