It’s been a long time since the previous update and not too many changes have taken place in the core portfolio. I have completely exited Bank of Maharashtra (2x) and Reliance Industries (2.5x) since I believe the room for upside over the next 2 years is limited.
Sitting on 4% cash position currently since I am yet to reinvest the entire sales proceeds. Stocks currently under consideration include Thermax, Trent, Sapphire Foods, Gabriel India and ABB Ltd. The capex cycle has clearly shown signs of revival over the past 6 months
Updated portfolio
| TITAN COMPANY | 8.8% |
|---|---|
| BAJAJ FINSERV | 8.4% |
| TATA CONSUMER PRODUCTS | 7.2% |
| METROPOLIS HEALTHCARE | 6.4% |
| NESTLE INDIA | 6.0% |
| CARTRADE TECH LTD | 5.8% |
| LTIMINDTREE | 5.7% |
| ROSSARI BIOTECH | 5.5% |
| NYKAA LIMITED | 4.9% |
| KOTAK MAHINDRA BANK | 4.6% |
| AXIS BANK | 4.2% |
| LARSEN & TOUBRO LTD | 4.1% |
| HAVELLS INDIA | 4.1% |
| PIDILITE INDUSTRIES | 3.7% |
| MINDA CORP | 3.6% |
| KAJARIA CERAMICS | 3.5% |
| SUVEN PHARMA | 3.1% |
| ROUTE MOBILE | 2.3% |
| SMALLCASE | 3.0% |
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