Results for all my portfolio stocks are out. Winners are Polycab, APL Apollo, PI industries, Ethos and Varun Beverages. Whereas Deepak Nitrite and Granules India reported terrible results. As a result I sold Deepak Nitrite with 6X gain after holding it for almost 4 yrs. I have also sold CarTrade at a 45% loss.
Meanwhile I keep on investing the proceeding in Zomato (after their first profitable quarter), CCL Products (ideal compounder), Bajaj Finance (no idea why it’s not performing, anyways I keep on buying:)), Mold-Tek packaging (typical 18-20% grower) and Vaibhav Global (my thesis is that as money is more valuable due to inflation in western economies so buyers will look for value for each dollar and here low cost producer like VGL will have upper hand). Overall I have now 24 stocks in my India portfolio with 8 multibaggers as of now.
Since the last update Polycab became 3.5X to 5X, PI industries became 5X to 6X, VGL became 3X to 4X. If everything goes well then I expect Ethos (up 57%), APL Apollo (up 70%) and Mas Financial (up 58%) to be new multibaggers (my definition of multibaggers is 2X in 3 years of initial buying) in my portfolio. Fingers crossed:)
In the India portfolio, I am experiencing NVIDIA-like euphoric gains in Polycab and other building material stocks post their result announcement. Magnitude of the earning beat for Polycab is similar to the earning beat of NVIDIA in last quarter. This is interesting. The US being a developed economy generates demand for AI chips (Pick and Shovel play in AI war) to increase productivity and hence GDP… Whereas India being an emerging economy needs more roads , constructions, infrastructures and hence generates similar demand in the building material sector (Again Picks and Shovels play in the construction segment) to make progress in its GDP. IMO, unlike the US, in India I am not trying to look for next AI winners to make money in the long term, real money is being made in the building material segment as these two economies are standing in different junctures and as a result showing Animal Spirits in completely different segments.
Portfolio 5 yrs return 19.1%
Portfolio 3 yrs return 29.7%
Portfolio 1 yr return 12.1%
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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