Rebalancing day Pre-poned as 15th is sunday.
Rebalancing Day- 13th Sept 2024
Changes :-
Sell
- Granules
- Deepak Fertilizers
- Garware Hi-tech
Buy
- Glenmark lifesciences
- Piramal Pharma
- IIFL securities
Reasons for selling :-
Deepak and Garware went beyond 25th rank,
While Granules got dropped altogether from the list because it breached 100 day moving average also after yesterday’s fall of 16% in a day. I am selling it at loss of 21%.
So as stocks go below 100 day moving averages, it automatically gets dropped from list and hence sold. Its a beautiful method of cutting your losers early. In case of Granules, I would have sold much earlier but yesterday’s action was too fast. This happens rarely. So system doesnt allow you to sit with losers for long. I remember my old days of fundamental investing, where i was with Laurus Labs for almost 2 years in minus 45%. And Divis labs with minus 30% for more than a year.
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