Chirag’s Portfolio

Hey Chirag, Thanks for mentioning me.
→ I don’t know your risk appetite or thesis through which you have’t laid out here anywhere
→ I’ll answer to the best of my knowledge except for few large cap gaints since for such business there are too many moving needles that can affect stock prices and i’m not good at understanding macros

Affle → The co. has niche in Ads all though valuations on absolute term are high but the valuation still remain in Median range. IMO the co. should keep growing at 15-20% CAGR at base level for next 4-5 Years once can do the math for the same
the terminal value will be high considering the business is differentiated from normal IT Service provider
ASRL → No idea
HDFC bank → Taking a contrarian view when everybody is hang up on PSU, I think HDFC and Kotak is a Bargain now. At base level if i consider HDFC’s Current valuation as the New Normal then too 1500 Branches added will give operating leverage in next 3-4 years. The same was the case with Equitas Small finance bank earlier
HPAL → no Idea
Indigo Paints → I have been away from Paints due to the fact that there is so much competition coming in. The Pie will be distributed in so many pieces and who’ll get the biggest pie is still unknown.
INFY → Too many moving cards
JIOFIN → Bet on the management seems to be the reason. I’ll see 3-4 years down the line how the things pan out for it. but since you have got the same in demerger the cost of the same is more or less 0
JUBILIANTGREA → No idea
Kotak Bank → Stated Above
Misthtaan → No Idea
Nazara → No Idea
Polycab → Too expensive for my cup of tea
SBI Card → interesting business, imo there will be 1 Winner for sure in this cards mega trend but not sure weather the same will be SBI card of others
Star Health → Out of circle of competence
TCI EXP → A good business
Ultratech → I’m more baised towards JK laxmi
WIPRO → Too many needle
Polyplex → can’t share my view due to personal reasons

Over all my thoughts
You seem to have accumalated the business

1. at very high valuation. some how you started at peak of the market (2021) and still your cost is at peak. I sense FOMO
2. Too many business → I prefer to track <10-15 business not more than that and from that 10-15, 6-7becomes the part of portfolio
3. My sense is that you MAY not beat Index too. Because if youu don’t know what you’re buying how will you beat the market?
   that’s my view.
   If you want to discuss any further Reach out to me in DM i’ll be more than happy to connect.