To be honest, Monish Pabrai’s returns in India have been DISMAL to say the least. Every tom, dick & harry investor has beaten Pabrai between 2018 to 2024.
To me it seems like he has given up trying to go CONCENTRATED in India.
Initially be bought Repco, Kolte-Patil, Sunteck & Rain.
He sold Repco (Price shot up 2x)
he sold Kolte-Patil (Price went up 3x since)
He started Selling Rain around 150 (time will tell)
The biggest problem with RAIN is the DEBT LEVEL. MR MARKET is always scared of BANKRUPTCY levels and chances.
As soon as Jagan reduces the debt levels, we will see a definitive re-rating of this company. Until then, it’s anyone’s guess.
Technically speaking, the RAIN Chart is making Cup n Handle Formation. I add heavy positions around 150 after Pabrai Exited some. (Reverse Pabrai works)
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