Portfolio update
| Company name | Allocation |
|---|---|
| Central Depository Services (India) Ltd. | 18% |
| Borosil Ltd. | 17% |
| Tata Elxsi Ltd. | 14% |
| Avenue Supermarts Ltd. | 12% |
| Swiss Military Consumer Goods | 10% |
| Tata Consumer Products Ltd. | 8% |
| IKAB Securities & Investment Ltd | 5% |
| Quest Softech | 4% |
| FSN E-Commerce | 4% |
| Hindware Home Innovation Ltd. | 3% |
| Heritage Foods Limited | 3% |
| Studds Accessories Ltd | 2% |
| Sanghvi Brands Ltd | 2% |
Recent changes
Shri Bajrang Alliance
I exited after realizing that the main business is cyclical in nature and I am at the wrong end of the cycle. They most probably won’t demerge the frozen food business anytime soon.
Infibeam Avenues
After digging for red flags, I found issues about insider trading and spat between auditor and management. Recently I have exited completely.
Heritage Foods
It is a dairy products company. I took a small position to keep track of the upcoming rights issue.
Sanghvi Brands
It operates spa, salon and gym with tie up with international brands. Business was affected due to covid. It is a turnaround play.
I deviated from stable growth companies towards special situations and microcaps with uncertainty and growth potential. The volatility is difficult to digest. I am thinking of doing sip in the core portfolio companies going forward with small lumpsum into opportunity as they arrive.
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