Portfolio Update:
Sold my entire holding of Anand Rathi. (sold price: 3868, made a good 200% gains)
- With the election results and the new govt I am not confident about how well wealth management will grow in the short term.
- It was already trading at PE of 70+ and I was thinking about moving to some other place for a few days
- This will still be on my radar, might buy again if things go well in future.
Sold my entire holding of Dreamfolks. (sold price: 451, made a loss of 15%)
- Dreamfolks will grow if no of airports and lounges will grow and with the new government now sure how much infra push will be there
- Railway lounges which I was counting on might not grow at the rate which was expected with full BJP govt.
Also thinking of increasing my allocation in Angle One and NPST.
- Angle One is trading at PE of 20 which I feel is a good bargain given its growing at a pace of 30%+
- NPST is showing more than 100% YoY growth, which is expected to continue. This is also a kind of govt policy agnostic stock.
My hypothesis is that whoever forms the new govt it will have to focus more on social uplifting and consumer stocks will do well in the near term as compared to defence/infra stocks.
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