Not much activity in the portfolio or adding any new stocks. I’ve deliberated upon the construct and weightage. Have taken a few calls basis cash requirement as well as market condition.
Have completely exit Techno electric– There’s nothing wrong with the company but I just feel that I’d get an opportunity to add this again provided valuations become too attractive. Otherwise also it has given me decent returns and I was anyways not looking to pyramid up and had instead been pruning the position.
Added some Ethos– I feel that promotor selling is no longer a surprise and stock has been slowly and steadily once again approaching its high. Q2 results and Q3 results might pull this up further. Also the MoS for me is huge.
Some other stocks in family account invested– I’m taking a conscious call not to add any new names as of now in my portfolio. Some of the stocks in family portfolio that have turned out well are All e tech and Ceinsys.
All e tech excited me as a company when it had a market cap of 500 Cr and around 150 Cr cash equivalent on balance sheet. Plus a very solid promotor and high margins business. It was a no brainer at those levels and hence invested.
Ceinsys was trading at a PE of less than 20 with a growing order book and prospects of Allygrow business an added bonus. The company recently did its first concall as well and the stock has rallied quite a bit in the past two months.
Both the above businesses are in family account and were added at much lower levels. I still feel there’s lot of run up left and I’m particularly bullish on the promotor of All e tech.
P.S. I might prune a little in Macpower basis how the market progresses.I’m still very bullish but perhaps 35% allocation might get on my nerves if it trends the way it has been over past few weeks.
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