Another quarter has gone and the portfolio is only 7.5% up from June end but probably past 12 months have raised my expectations to a very high plane . However, considering I kept about 10% of portfolio or more , in the sidelines ,and I have mostly small caps ,it’s probably fine. Bought and sold too much and too many times as well , so no point in naming dozens of companies here. However, PGEL has given 2.5x plus returns in 4 months …so booked most of it since I never had deep conviction in it . Booked 40% of Amara Raja to make the rest free of cost , but thinking of booking it once it crosses the 365 days holding period…as I am not to sure of its short and medium term prospects price wise because the EV story is stuttering. Sold of Sona BLW as well at some profit because of same reason .Sudden spikes gave good profits in Sharda motors(40%), Globus spirits and POCL (64%)too .
Sold off Danlaw industries after the bad results as there is too little of info available to keep track and better bets are available.Added Samhi, macpower,EFCIL,AXISCADES, Apollo Microsystems , SG mart etc. in “high risk high reward” section of the portfolio . Bought back Garware high tech films at a 50% higher price from my last selling point (still can be profitable investment), Praj etc.
To balance the risky bets , added some stocks that I consider as good value as of now …let’s see how the next quarter goes .
I do not feel there is much reason to run away and stay at sidelines just now but taking positions based on sector rotation and tailwinds/ headwinds is better idea .
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