Portfolio update –
Added more Axis Bank, Care Ratings and Delta corp to existing holdings in Yesterday’s downfall. As expected market went into tail spin.
Valuations wise there is hardly any margin of safety in Havells India however when I look into the market cap of about 15000 crore only, the management credibility and ability and the huge opportunity they are staring it with a terrific story developing around it, the stock seems to be a screaming buy. This dichotomy is difficult to overcome for me when I saw an old video of Mr. Ramdeo Agarwal and took 30% positions of what I want to invest and will wait for further correction.
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