More like I’m diversifying across sectors
PI for the CDMO opportunity in the agro chemical space. Also its branching out to pharma CDMO
Sunteck- I like how the company is focused on the geography BKC in mumbai . Promoters pedigree/execution abilities. Star investors validation/association of Kotak… having said all that my allocation is small that i would exit it at the next meaningful rise
IDFC- probably my longest and largest holding. Holding for 3 years and starting picking when it was capital first making my initial buy price @42. I even doubled down when it reach 30 @June’22 when after two quarters of better performance the price dropped since the market was expecting the company to post treasury losses due to the rising yields. I sensed its a one off incident even if it happens. I dont mind the frequent dilution. Most of the private banks are available at attractive valuations now and its my top pick due to the better IT interface , credit cards segment growing and the newly opened branches breaking even to bringing the cost to income ratio down. Will offload 50% kotak and hdfc may be in future to make entry in to other sectors( renewables / water/ ESG kinda theme).
My regret mostly have been the error of omission (recent one being technoelectric). Once the risk reward is in you favor, i think its better to pull the trigger first and do the detailed study later.
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