Hi
Lux I sold out as it did not make much difference in portfolio as of now, it was less than 1% position. I added it initially with same thesis of cotton price reversion leading to better margins thus price, ignoring the promoter family issues and governance. Did not want to add currently to it as I am not comfortable with increasing position size, Zee had corp gov issues as well so sold out. Might look at both if dropping lower but not sure really
I have not looked at Sharda as I was looking at Largecap firms in a sense. Yes Shardacrop does seem better now that I looked at numbers, but I already hold Heranba from smallcap. I am thinking now if I should replace Heranba with Shardacrop given corp gov redflags with Heranba. UPL over Shardacrop because it’s Largecap and I am comfortable building big position even upto 10% if opportunity arises, I do not want to do that with Shardacrop. As on debt, yes it’s pretty high and can be a double edged sword only time will reveal. With interest rate cuts around some relief at that end, also Valuation wise UPL is better than Sharda I feel being a Largecap
I am still learning, been in markets only from 2 odd years. Long way to go, let me know your/others views on above for any disagreements
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