Frankly speaking I stay away from PSU. That is my rule and I pretty much stay out of this bull market. Th e major issues is, these company are for public good not for money making. I believed that LIC was at dirt cheap valuation at 700 that’s the reason I entered. There is overhang of OFS, for government to comply with 75% holding rule of SEBI. I may be wrong but post election we could see huge de-rating of these companies. Just my view.
Completely align, expecting solid 15-18% CAGR from HDFCLife and that’s the reason to make the shift .
Yes I try to stay away of what I do not know, but some speciality chemicals are showing good future prospects with solid balance sheets. Yes the sector is in extreme issues due to china’s dumping and sales are low but with growth in India’s GDP I believe the internal consumption would pick up and this would be huge proxy play for me. So I have started reading and learning about this sector.
More of there are bunch of micro caps and nano caps with huge potential, the only thing is to buy a good company. Still I had not find any story which I would love to make huge position wrt to my portfolio. But still looking
I have never invested in media company and not aware of this stock. Would love to read more about that and what other stories/stocks do you hold in your PF. I would post my updated PF in the thread soon!
Looking forward to hear back!
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