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No exit criteria . After reading the Pulak Prasad book, I am confident to become permanent owner and want to hold all my stocks forever. But of course, if any of my business performance deteriorates, and any scam happens, i will sell the next day.
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Paint industry overall is undergoing a very big churning. Many players are coming with huge capacities and huge money as well as distribution capacities. Grasim is one example, pidilite another. Hence going forward, competitive intensity will increase a lot. This is pointing towards sub-optimal business as well as stock performance. Hence i sold berger paints. I was contemplating selling Asian paints too, but this stock gives stability to the portfolio, hence i decided to stick with industry leader. I added Mold-Tek packaging for this reason also as they are providing containers and packaging to all paint companies Asian paints, Pidilite, even they are coming up with dedicated plant for Grasim paints. So i will be in ancillary paint sector through Mold-Tek without bearing the heat of paint sector competition .
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SRF i will increase the allocation . I dont like to shift allocation from one company to another. I keep adding fresh money to portfolio companies from my regular income. SRF ka number bhi aayega. Everybody will get their share of pie, but piecemeal basis.
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