Having kinda been where you are over the last few years and still developing my knowledge on this subject I can only share my experience in this journey so far.

I’ve come to the conclusion that I can only hold as many stocks as I can track often, or the ones who’s fundamentals and story is good enough for the next 6 months to 2 years or so, but still keeping updating with their reports and other news related to them.

If I was in your place I will go through all the current AR/QR/Concalls of the companies im holding and only then take a decision on which companies i’m willing to continue holding a stake in and which ones I wont. Maybe even in your loss makers you might just find a turnaround story.

In the meantime read some books by the masters, deepen your knowledge on how to find good value picks and evaluate companies.

Absolutely! Got my answer. Thank you!

Have you also checked JBM Auto?

If everything is so good, why the management itself is not confident of their future business plans? Hope our senior members have a opinion on this.

Chemical Sector
I tried to read multiple reports, few conference calls and also gone through few spaces but unfortunately I dont think I will ever understand any “chemistry” even if I read and reread the available material on the topic

Having said that when sector going through down cycle, there are lot more nuances I am learning – lot more easily as compared to times when going was good.

I am willing to replicate the same approach I followed in pharma where even without granular knowledge on the core subject by just focusing on broader strategy, qualitative aspects and sticking to the simplest segment – i could build descent allocation.

Vinati Organics –
Even without knowing “chemistry”, I believe Vinati Organics is tested enough by market to prove its a ‘niche’ or a ‘speciality’ chemical play. The historic data maturity to give quality signal is high and I believe data maturity will further increase over next year or two as industry navigates through a slowdown. This I believe can improve decision quality for an investor who does not have expertise in the subject. Once I settled on my limitation then the biggest stumbling block in the process of wealth creation remains – handling FOMO.
There are higher odds that other names like – Gujrat Fluoro will do well in future but the question I will keep reminding myself – Do I deserve those returns if even after reading multiple times – I don’t have grip over subject? This questioning helped me a lot to manage Laurus Lab FOMO

Coming back to Vinati, earlier i rejected Vinati’s management because I thought vinati saraf has tendency to over promise. But I am willing to put more work on management to gain comfort and more conviction so that i can able to hold investment across cycles in future

Thank you

https://www.bseindia.com/xml-data/corpfiling/AttachHis/43ca0764-e6a7-4db6-9772-bae42da1fa39.pdf

Company is guiding 50 X growth in topline in 5 years!!! thats huge!!