1)Kotak Mahindra Bank i sold only because my banking and NBFC space has been over populated. Already i had two largest banks, HDFC bank and ICICI bank…so i wanted to sell …and that happened to be Kotak bank. Now reasons can be given on both sides…simple way to say…Kotak is currently appearing weak.compared to HDFC and ICICi …
- Muthoot…This is something i bought after getting influenced by some financial influencers …offcourse i studied balance sheets , concalls etc. But i think , i assumed it as a great company while its a mediocre one. Also i bought at high valuations …my big mistake and currently everybody knows, banks are eating their business in big way…waiting to sell this…currently down by 28%… This and Laurus labs have been major bleeding stocks for me…laurus down by almost 50%
Muthoot will recover…but its cleary not a business which can give multibagger returns.
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