Posting after so long.
Nothing much changed in Portfolio .
New Additions :
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PI industries over the last 1 year (avg ~ 3400).cheap due to news on pyroxi molecule (38% revenue) competition . PI is diversifying with new molecules as well as into pharma.(~8% of portfolio)
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Narayana hrudayalaya over last 2 months (avg ~ 1250). Somehow i missed the hospital sector .Narayana will have muted growth over next 2 years but has one of the best promoter (Dr. Devi Shetty).Will average this stock up/down over next 2 years.
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ICICI bank (avg ~950). The banking sector seems very cheap
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PPFAS (over last 9 months (NAV avg ~62) . Only active mutual fund i have invested . Best value investors in India at present IMHO.
Selling KPIT 2 years ago seems wrong decision in hindsight .
US portfolio (including RSU) went through a rollercoaster.
Averaged NASDAQ100 index funds/MAFANG through trough but in hindsight couldnt put enough money to backup the conviction (~15% of portfolio)(no new investment after march 2023 due to change in tax rules)
Meta was down big time but went through pain (couldnt add more at lows since i was fully invested) & now it seems good days are back .
Indian portfolio
Added more HDFC bank over last 6 months (avg ~ 1470). HDFC merger seems painful & may take few quarters for EPS growth.
Intellect & Mastek are growing at decent pace as expected. Valuation seems a bit stretched though.
Borosil had few hiccups this year but should pickup now .
V-guard margins are impacted in last 2 years… should recover in this year .
Gold finance companies (Muthoot & manappuram ) struggled last few years due to high competition from banks & it seems worst is over .
Exited Granules recently with decent returns.
CASH : 25% of portfolio
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