Ajanta Pharma

Excellent thought process Hitesh bhai, so much to learn. IMO the other headwind Ajanta is facing is on currency, in Q 2 con call they did mention it. Their exports are 95 % to third world countries whose currencies are falling in last 2 yrs, mainly due to dollar strength and Fed rate hike risk. With fed rate hike out of the way things may stabilise . Business is still going well with 20 % steady growth. I also exited after Q 2 results, at around 1570 levels. These kind of switches does help me as well. I keep a highly conc PF of 5/6 stocks only all having very high conviction and undervalued/fair valued . Although I keep a list of 10/15 stocks having very conviction with different valuations. The thumb rule I follow is to remain fully invested, so there is no complete missing out. Earlier these sweetches I was doing after min holding 1 yr to keep tax advantage. But in 2015 kind of range bound market getting 30 % again 2/3 times with conc allocation does wonders to PF. There were misses too. I failed to reduce holding when kitex was 1000 +, got emotional with stock, still hold and increased allocation at lower levels to bet on strong Q3 Q4. Towards the end of year I did find Cupid which saved the year for me. With nifty down 15 % this year PF return is close to 55 %, which is low from VP std but I will take it in this kind of mkt. My other conc bets are can fin, Cupid, kitex and torrent My other exits were Avanti alembic capital first repco home Kaveri but still on radar. I also feel we should start mentor mentee relationship at VP on Voluntary basis. Best Regards