Portfolio Update:
Currently I’m writing the updates on my PF as and when I can without any specific frequency. But now onwards I’ll try to update this topic on 1st day of each month. This is would help me later to go look at my PF at a particular time and assess how it could’ve played out if I didn’t change weightage of any co.
It’s possible that not many people appreciate the presence of high churn in the PF and so the update on PF would be unnecessary. But in my case as I’m still learning I may have high churn. Also, I mostly add and exit stocks in a gradual way, so making the weights in the PF to have consistent small change instead of sudden big changes. The top 5-7 constituents always remains the same as I take view of few years (2-3 years)
Coming to the point now, this is how my current portfolio look as of today
| Instrument | Weight |
|---|---|
| XPROINDIA | 8.0% |
| FINOPB | 7.3% |
| PDSL | 7.1% |
| KRSNAA | 6.9% |
| MAYURUNIQ | 6.5% |
| KERNEX-BE | 6.4% |
| CIGNITITEC | 5.4% |
| REDTAPE | 5.3% |
| KAMAHOLD | 5.0% |
| MOLDTECH | 4.5% |
| DCMSRIND | 4.1% |
| VISHNU | 3.8% |
| SHREEPUSHK | 3.7% |
| MCX | 3.4% |
| MTARTECH | 3.3% |
| ANGELONE | 3.0% |
| SAIL | 3.0% |
| CONFIPET | 2.4% |
| DEEPAKFERT | 2.2% |
| ULTRAMAR | 1.9% |
| LAURUSLABS | 1.7% |
| SBCL | 1.5% |
| SHARDACROP | 1.4% |
| GLS | 0.9% |
| AARTIDRUGS | 0.8% |
| AMBIKCO | 0.5% |
| WIPRO | 0.1% |
Few actions that I plan to take soon:
- Partially or Fully exit MTAR tech. In past few weeks, the promoters of the co have been selling heavily in the open market making me nervous and I feel that the upcoming quarter results and the guidance for FY25 would be not so good. So, I plan to exit this co and allocate somewhere else
- Participate in Buybacks: I see decent opportunities in ongoing buybacks with a possibility to make 5-10% profit (buyback profits are not taxed to the investor, the co pays) in 2.5 to 3 months which is decent considering the market valuation
- Raise allocation to DCM Shriram Ind: I see opportunity to make good returns here with ongoing demerger which may take 1.5 to 2 years to conclude. I would be comfortable increasing my allocation from current ~4% to bit higher and upto 8% if I see good correction or any positive developments in the business ( If I find any)
Thanks
Praveen
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