Had a daily SIP and allocated till ~18% out of my target 50% of portfolio, decided not to chase beyond 325+. In hindsight I think my conviction wasn’t good enough to ignore iron-ore international price fall or the levy, both of which I thought will be more durable. @Rakesh_Arora sir called the bottom correctly just after Q2 results sometime in Oct.
Now wish I had your conviction – we all live and learn. Let’s see how the Q3 results are (may be comparable to Q2), but looks like market is already looking at Q4 and beyond.
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