June 2024 PF Update:
Note: This is an update after 3 quarters, hence there have been many changes in the PF.
Stocks in PF | Sector | Classification | Rationale | Saliency (at CMP) |
---|---|---|---|---|
Lloyds Engineeri | Heavy Industrial Machinery | Cyclical turned Growth | High Growth (Rev & EPS) | 10% |
Action Const.Eq. | Construction Equipment | Cyclical turned Growth | High Growth (Rev & EPS) | 10% |
Inox Wind | Wind Turbine EPC | Turnaround | Debt Reduction, Margin improvement expected | 9% |
ITD Cementation | Infra EPC | Cyclical turned Growth | High Growth (Rev & EPS) | 9% |
Inox India | Industrial gases, LNG, Green Hydrogen | Growth | Green Hydrogen theme | 8% |
Vertoz Advertis. | AdTech | Growth | High Growth (Rev & EPS) | 8% |
Anant Raj | Real Estate & Data Centre | Cyclical turned Growth | High Growth (Rev & EPS) | 8% |
Bharat Electronics | Defence | Stalwart turned Growth | Defence Theme with high growth | 7% |
Azad Engineering | Aerospace components and turbines | Growth | Defence Theme with high growth | 6% |
Nuvama Wealth | Wealth Mgt | Growth | High Growth (Rev & EPS) | 5% |
NPST | Digital Payment | Growth | High Growth (Rev & EPS) | 5% |
IREDA | Green Finance NBFC | Stalwart | Renewables Theme | 5% |
Emami | FMCG | Stalwart | Rural Consumption Revival expected | 5% |
Tata Motors | Automobile (PV, CV) | Cyclical | Legacy holding, High Growth | 3% |
Cash | 2% |
PF Concentration: 14 stocks at present, with highest allocation being 10% and top 10 accounting for 80% of PF. So, a healthy concentration and spread.
PF Construct: Majority of the stocks have been chosen for Growth (in Revenue & EPS), since the current bull market has given outsized returns to growth/momentum way for investing. There is one stock chosen for Turnaround and one as a Stalwart, though the boundaries between the four classification are blurred in a trending market. Many of the stocks in the PF were bought at lower/higher levels.
Disclaimer: My posts are not recommendations to Buy, Hold or Sell. DYOR. Changes is PF can happen without being mentioned here.
Subscribe To Our Free Newsletter |