Have congratulated you earlier for holding Trent for last 2 decades and I am sure these petty reasons like inclusion in any particular index/funds buying etc. were never the main criteria for your hold.
Why I call them petty is because LTIM exclusion does not warranty its bad performance and neither Trent’s inclusion means anything over long term. While its a good feeling to see the companies we hold grow in size and get included in bigger & bigger indexes with time, point to note here is that LTIM if now getting excluded was once included so its a cycle and what’s important is the business to remain on right track and promoters to remain true to their vision & ethical…I think these were main reasons that you could held for 2 long decades…or they were something else or add to these reasons…would be good to know…
Now valuations rating & de-rating is another animal which no one is able to tame and it happens when it happens…many momentum investors enter or exit at these times…I am yet to fathom how to prepare for valuation de-rating or if there is any need to consider this in my investing strategy…
Disc: Trent has become top holding recently, hence highly biased & critical. Hold LTIM also. Thoughts are personal and only for learning purposes. Not a buy/sell recommendation and I can be wrong in all my assessments
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