The Indian market seems to be stuck in a range since the last 3 months. This is nothing like the pain that US investors are going through since Nov, 2021. I have made a couple of changes in my portfolio, sold Dixon tech (-20%), Relaxo Footwear (10%) and HDFC Life (-17%). Can’t hold shares of companies whose revenue is in perpetual downtrend in a growth market like India. I have made fresh investments in Paytm (I use Paytm almost for all transactions and fine with business performance) and Route Mobile(very much correlated to Twilio’s stock movement and I am bullish on Twilio for the long term). Somewhere I read that Indian HNIs like to collect/buy luxury watches (seems to be a unique hobby within global peers) beside real estates and jewelry. This takes me to invest more into Ethos. Need to see if it can create magic in the luxury watch segment like what Titan keeps on doing in the jewelry and affordable watch segments. Now technically speaking Ethos is building base before moving into either direction.
I have kept my investment intact with big winners in my portfolio. Big multibaggers are Polycab(3X), Deepak Nitrite(5X), Mold-Tek Packaging(4X), Vaibhav Global(4X). Granules India(3X), Kajaria Ceramics(2X). PI industries(5X) and TCS(3X). Among these shares, PI industries, Polycab, Pidilite and Mold-tek packaging seem to be all weather stocks. They always perform irrespective of market conditions. At present Polycab, PI industries, APL Apollo, Titan and Route mobile are outperforming the market by wide margin and giving my portfolio a nice boost/support even in this dull market.
As mentioned above, if anything new I have done is to cut my losses quickly and invest money into new emerging opportunities. This strategy (keeping winners/leaders for long term and getting rid of losers ASAP) seems to be helping me to find new multibaggers and beating market return in the long term.
Portfolio return vs Nifty
1 year: 2.3% VS Nifty: 3.7%
3 Year CAGR: 20.3% VS Nifty: 14.21%
4 Year CAGR: 21.1% VS Nifty: 13.96%
5 year CAGR: 17.7% VS Nifty: 11.57%
Disc. This is not a buy/sell recommendation. Biased as invested in all stocks discussed above. Not a SEBI registered advisor.
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