I have held Polycab for over 3 years and been selling since last few months slowly. I usually have 20-25 stocks in portfolio and several times thought of concentrating to top 10 as it looks appealing and has a certain charm in it. But today it was proved that it is dangerous for most people.
On press release by Ministry of Finance, it is bit amusing to me that they have not named ‘Polycab’ directly but referred to them as wires and cables company. I wonder why would a government department do this and just not state facts as is. Why write a press release that creates sensation like a media house? I don’t write such judgemental posts usually but could not resist making this observation.
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