Thanks for your valuable suggestions. I will surely keep in mind.
Posts in category Value Pickr
Hitesh portfolio (09-09-2022)
Hi Hiteshbhai,
In infrastructure sector Can you share your view on PNC INFRATECH with technically and fundamentally ?
Mudit’s Portfolio (Passively Active) (09-09-2022)
Great set of companies and well diversified PF. The PF construction speaks volume about your experience, study and selection process.
I am not qualified to comment on individual stocks but based on my experience I may suggest the following:
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Keep monitoring your stock PF performance periodically for a longer period of time and keep your journal up-to-date.
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Compare your stock PF performance vis-a-vis Index and MF PF for out-performance/ under-performance.
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Check the redundancy of companies from same sector over long period and take decisions to prune if adding no value to overall PF. There is absolutely no need to keep many from same sector just because of FOMO or due to ornamental beautification.
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Study to include at least one stock from emerging and futuristic sector.
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If it is the Retirement-Nest PF then keep checking the Top-10 contribution both in value and % because it will give broader idea how long the nest will last based on your expenditure. Will share more inputs on this later.
Congratulations for starting your thread and putting it beautifully. I hold most of your PF companies in my PF as well. Keep sharing your PF performance whenever time and scenarios permits.
Happy investing!
VK
CDSL – Stock for our children (09-09-2022)
Another month with more than 15 lakh account addition:
AJ
Disclosure: Remain invested.
Mudit’s Portfolio (Passively Active) (09-09-2022)
One of the important criteria for selecting the stocks out of nifty 100 is also their ROE and ROCE as it indicates management’s efficiency of capital allocation.
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In case of Tata consumer, I find that ROE, ROCE is about 6% to 9% as against HUL’s 24 % and Nestle’s 113 and 117%. This criteria must have eliminated Tata consumer.
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in case of Godrej consumer, last 10 yrs profit CAGR is 12% while 5 years its just 7% while 3 years its negative 3%. Since i beleive , stocks returns follow earnings over long period of time, if I am expecting 15% stock returns, then my selected stocks should have minimum 15% earnings growth also. I have made Pidilite as exception to this rule. Even if it has 10 years profit CAGR of 14% and 5 years profit CAGR of 7%, i couldnot muster courage to not include it.
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Dabur and Marico are not part of Nifty 50, but they are part of Nifty Next 50 and after you pointed out, they appear to be attractive companies with meeting most of my screening criteria. Thanks for pointing me in their direction. I will study them and may be when i will decide to sell any 2 stocks from my current PF, these 2 will be seriously considered as strong contenders.
Mudit’s Portfolio (Passively Active) (09-09-2022)
What’s your views on Indian FMCG firms like Tata Consumer, Marico, Dabur, Godrej Consumer? For many, I see FMCG is HUL only in India and some may consider Nestle also apart from HUL…would be good to know your views on home grown FMCG players above.
Also, why no Insurance? You are from Insurance background. Can you mention your views on Life Insurance and General insurance firms like HDFC Life, SBI Life and ICICI Lombard, Star health?
Yash Pakka – (Previously Yash Paper) – Rising from ash (09-09-2022)
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Hitesh portfolio (09-09-2022)
Hello Hiteshji,
I have a query wrt selling of the shares bought from momentum/technical perspective. While I have been learning on buying the stocks when they breakout or consolidation , I am still not clear about when to sell and how much to sell once the stock makes a move.
For ex, SJS couple of days back broke out above level of 510-515 with good volumes. In subsequent session it went above IPO price also but came out at the close. For the last 3-4 trading session, it was opening higher but closing lower towards the low and today it closed below 500. Clearly the breakout has not panned out as per expectation. However, I am trying to understand when could I have sold it to reduce the losses. Some hypothesis can be,
A) If is say 10% percent lower than the swing high, you reduce your positions and protect your profits or take your loss?
B) You wait for it to go below the breakout point ?
C) You wait for it to go lower as per the initial stop loss decided?
Similar query can be how to protect the profits in case the stock moves up and then starts to correct. A stock is up in 25-40% range and then fall by 10-12% below the high? Do we sell full, partial or wait for it to come near your trailing stop loss/ rebound?
These are momentum bets where business conviction is on lower side.
Kindly advise.
Nikhil
Mudit’s Portfolio (Passively Active) (09-09-2022)
This is “sectorial leaders portfolio” which looks really solid. Even tough there are 30 stocks (read maximum allocation is 6%), will certainly beat Nifty with the help of some excellent growth oriented stocks.
Thanks for sharing your portfolio and more importantly thought process.
Disclosure: I have many of your picks in my portfolio like Divis, Asian Paints, HDFC Bank, Pidilite, LTI, Deepak nitrite, Berger Paints, Polycab, Astral.
See the bright Sun: Aditya Vision (09-09-2022)
I couldn’t buy it last year as there was continuous upper circuit and no sellers for a long time. I was interested in it seeing their expansion nearby so invested in the sister company ACML.
Some of the things that bothered me at the time were:
They were continuously increasing debt for expansion.
They were doing buyback when they could have
used that money for expansion or reduce debt.
After doing buyback the promoter and their relatives cornered the float with less than 8% float available for trading. This is the reason I couldn’t get the shares. Some of the promoters have started selling recently which will increase the float now.
The director’s remuneration was very high compared to employees. This might be common in small companies.