Portfolio action:
Moved Chemplast sanmar to a sattelite portfolio(kind of a bad bank funded by my speculative activities in another game) in order to make it easy for me to hold it longer. After 3 quarters of good result, they have delivered a bad one (Profitwise) .This result was sort of expected after their Q4 concall and I expect them to deliver one more quarter of soft result because of similar reasons. If things improve results should get back on track.They have not posted losses and without the notional markdown of finished goods, result would look better that it does.I do not want to jump ship too quickly as this is one company where I invested looking at the longterm prospects. It would be wrong to bail out after onbe bad quarter.
Added the below stocks in small quantities to the main portfolio…
Novartis (1.2%)
Aegis Logistics(1.2%)
Piccadilly Agro(1.5%)
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