Markets are behaving like russian roulette for last 3-4 months. I see this phase as deep pessimism phase where market is even ignoring good numbers and stocks are falling like nine pins. IT, Pharma, Consumer durables, construction anc., Textile, cement, retail, auto all have completed cycles. Interest rate cycle might be topping out, only negative is US inflation is still benign.
My gut feeling is we are nearing interest rate cycle peak which will stabilize stocks, might see a turnaround from Apr 23.
Bata is facing compitition as office demand is still low and casuals Bata has no advantage apart from hush puppies. Just compare with Mirza Bata looks to expensive, small retailers have started some root changes to capture mass market.
Coming to United Spirit, better look for glass companies, whoever sells, they win always.
I did lot of churn whole last year, whatever was churned, money saved, core portfolio is bleeding​:joy:
Nov 22 till now, never see this kind of dull market in last so many years.
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