Vineet Jain portfolio

Portfolio updates

1. Exited half my position in Geekay Wires a couple of weeks back at about 172. This was a phenomenal trade and I made more than 2x in a few months on a fairly large position. De-risking it a bit by taking some chips off the table for now and to invest the money in less speculative bets.

2. A couple of weeks back I had booked profits in Newgen Software at about 470. Looking at the results today, I feel pretty foolish in hindsight. My thesis is that I don’t think I understand the impacts of AI advancements. ChatGPT is a start, who knows what more is coming and how fast it things will evolve. In such an environment of technological flux, I am not technically qualified to be able to identify automation and tech product winners, from India. And so I’d rather stay out of it and stay invested in innovative tech through ETF instruments in the US and Chinese markets. Wondering if I should have used technicals like a trailing stop or a vstop sell signal to exit, instead of exiting outright when the charts looked good. This is a question I have to answer for myself for future trades.

3. Reduced Strides Pharma significantly and moved some of the money to Punjab Chemicals at close 800. IMO the latter offers much better risk-adjusted reward potential, even though it is in a downtrend. Is still a small position, about 2% of the PF. Looking to scale it up on consolidation.

4. Added a tracking position in Ducol at 112, a pigments and dispersions SME company with an amazingly strong clientele for a player of its size. This came out of conversations I had with some excellent scuttlebutt focused investors at a recent local investing community meet. Hoping to schedule a meeting with the management of the company soon and gather more information about the business and it’s prospects.

5. I have been adding to existing positions over the last month and a half, mainly Krsnaa, Kilpest, Gati, Sunteck, Ugro, CSB, PDS and Globus. Have close to 8% cash available to deploy. Taking things slow for the time being.