Portfolio Update (as of 4th Feb 2024)
| Company | Weightage |
|---|---|
| XPROINDIA | 7.9% |
| PDSL | 7.4% |
| FINOPB | 7.1% |
| KERNEX | 7.0% |
| KRSNAA | 6.7% |
| MAYURUNIQ | 6.6% |
| REDTAPE | 6.4% |
| DCMSRIND | 5.3% |
| CIGNITITEC | 5.0% |
| KAMAHOLD | 4.4% |
| MOLDTECH | 4.2% |
| NSE:MCX | 3.9% |
| SAIL | 3.6% |
| Vishnu | 3.5% |
| Shreepushk | 3.3% |
| CONFIPET | 2.2% |
| DEEPAKFERT | 2.2% |
| SHARDACROP | 2.2% |
| MUFTI | 1.9% |
| NHPC | 1.9% |
| LAURUSLABS | 1.9% |
| ULTRAMAR 506685 | 1.8% |
| SBCL | 1.4% |
| KSCL | 1.0% |
| AARTIDRUGS | 0.8% |
| AMBIKCO | 0.4% |
| WIPRO | 0.1% |
Changes:
-
Added Mufti (Credo Brands): Trading at 20x P/E and seemed like a good opportunity in Fashion and apparel space. Industry growth is in double digits and the management expects to double the sales in 4-5 years. There is chance for operating leverage. Anti thesis: Need to see if the margins could sustain above 30%
-
Added NHPC: Bought via OFS as the allotment was below then CMP. Stock price has good momentum and so holding half the quantity of the allocation and sold the other half. No strong fundamental view expect that the power sector sees tailwinds in near future . Holding as there’s good momentum
-
Sold ANGELONE after the results (~3400 rs) as I see the margin pressure could continue in near future. May turn out to be a bad decision for me, but won’t regret
- Added small qty of Kaveri Seed Co. Ltd (KSCL) to participate in buyback as I see opportunity to make 6-8% in 2-3 months for small shareholders (investment < 2 lakhs)
- Added small qty of DCMSRIND as I see value unlocking coming out of demerger… Expected timeline of 2 years (may take more time depending on NCLT hearings and postponements)
Please feel free to share your views or ask questions on my PF or any of the cos mentioned
Thank you
Praveen
Disc: No reco to buy or sell.
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