Posts in category All News
Companies With First ever concalls OR Investor Presentations (02-07-2024)
First ever Presentation by Ramky Infra:
(I couldn’t find any before this)
Also some questions answered by the management after presenting this:
(Start at 30 minutes)
Ramky Infrastructure - Positive Financial Result 2024 | Prime9 News
Benchmarks end with minor losses; banks drag (02-07-2024)
Long term investment strategy (Buy, hold but don’t forget) (02-07-2024)
I tend to fall in this category especially for companies which I entered without studying properly or lack the conviction and sometimes out of sheer vanity attempting to time my re-entry
Missed many a multibaggers due to the disease of market timing & poor conviction (dodged few bullets too). I lack faith/discipline in Technical Analysis so I try to avoid them.
To mitigate this, I started practicing classic value investing where I’d study and value the companies which I buy conservatively and put the target valuation on a excel sheet, now the irony was I would sell these companies the moment my intrinsic value target hits or slight above/below and these companies would continue rallying and make me laugh.
There have been companies which I have sold prematurely, re-entered and sold again, they still continue to pump…such is the strength of bull market.
Nowadays I simply try to use my valuation models only for entering a stock, and stop looking at them. The goal is to buy quality companies with long runway so that I don’t have to trade frequently and to hold on to them. Not to use price as the criteria to exit a stock but focus on fundamental/business/growth deterioration. Keeping a lean portfolio really helps.
Indian Defense Sector (02-07-2024)
Excellent analysis and providing a healthy debate opportunity to all of us, otherwise mostly reading positive about defense sector everyday Vaibhav bhai.
I think all your points are valid. But PSU are performing really well, they have good order value for sure. And a bit cheaper than private companies.
And yes, few companies are not in healthy situation. Over valued.
My personal opinion. HAL is a solid company, quite old, very good experience in this space. And have good PE (lowest among others). One can target this company. I am sitting on a good profit, will add more on every correction.
BEL BEML - highly volatile companies, lots of ups and down. I have purchased this stocks a while back, so on a healthy profit, but will not add more.
Mazagon - good attractive PE - will add more. Also government will issue OFS, so we may see correction, but it will bounce back.
Cochin, Garden - news specific movement.
I have minor holding in Zentech, netweb, kaynes, nibe. Will keep them for few years.
I think from a long term perspective, this will be a good bet. Government will not be able to afford any kind of mismanagement or blunders in this space. But if current government goes - sell everything!
(I am invested)