PF update for Feb 2024
Finally the much awaited volatility has arrived. I’ve tried to use this to deploy some cash flows that I had recently. Expecting some more cash flows in March and April. Lucky timing I guess!
I continue to concentrate my top 7-8 holdings with over 70% of the PF. Have had some churn at the mid and bottom end of the portfolio.
10%+
Sunteck Realty
3B Black Bio
Caplin Point
7-8%
Kalyani Cast Tech
Ugro Capital
Neuland Labs
PDS Ltd
4-6%
Geekay Wires
Techno Electric
Ducol Organics
2-3%
Phantom Fx
IZMO
Hindustan Oil Exploration
Shilchar Tech
Vadilal Industries
<1%
Godawari Power
I’m looking to scale Techno to the 7-8% bucket at least, and will be adding slowly while it falls. May scale HOEC to 4-5%. Want to scale Godawari aggressively if it corrects meaningfully.
Took profits this month from Marine Electricals, Coastal Corp and PropEquity, and sold out of NR Agarwal at a 5% loss, mainly as I saw better risk reward in adding to other positions.
My sense is that the markets will remain volatile till the elections. We’ll have sharp pull backs and drawdown, and will get opportunities to add to our favorites. The question is whether one are brave enough to buy consolidation/ correction. I solve for this buy almost doing an SIP of sorts on red days.
This is not advice. I am not sebi registered. My risk tolerance may be very different from yours. My analysis may be completely wrong. Please do your own research.
Posted this update to X on the evening of 29th Feb
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