The Q2 earnings are just around the corner. Wanted to to do a quick update on portfolio.
| Instrument | Percent (LTP basis) |
|---|---|
| ALLETEC-SM | 14.07% |
| KRISHCA-SM | 7.59% |
| RADHIKAJWE-T | 7.22% |
| IWEL-T | 7.17% |
| ZAGGLE-T | 6.38% |
| SAMHI | 5.60% |
| EMERALD-XT | 4.37% |
| MONEYBOXX | 3.88% |
| SWSOLAR | 3.83% |
| RBZJEWEL-T | 3.78% |
| RATEGAIN | 3.64% |
| JASH | 3.10% |
| ZOMATO | 2.95% |
| IEX | 2.54% |
| INDOTECH | 1.95% |
| EXICOM | 1.72% |
| PICCADIL6-T | 1.19% |
| VERITAS6-T | 0.95% |
| AXIS ELSS | 7.74% |
| PARAG PARIKH ELSS | 4.28% |
| QUANT ELSS | 6.06% |
Exits –
- Zodiac & Phantom – Got out of these as discussed last time. Luckily got out of phantom at 382 after which it has broken the support at ~375 as well. May be it will do good but i don’t have any confidence beyond one year with advancement and adoption of GEN-AI in videos etc.
- IPL – it is bottom of cycle, has some significant upside technically but i thought i can invest the same capital somewhere longer term and non-cyclical so got out of it. It reduces me bandwidth of tracking one more company just for some xx% upside.
Holds/Additions –
- IEX – Market coupling news gives jitters to this, but I think in long term IEX has got better platform, new verticals (Carbon, gas, Coal Exchanges) which will help in mitigating reduced volumes if any due to it. Fundamentally i feel, coupling is needed between countries which can’t afford to have one exchange but in one country not much to gain in terms of price discovery after coupling as well. With time IEX has become smaller %age of portfolio so not to worry
- Recent drop because of exit polls, middle-east war etc. gave good opportunity to deploy the cash 13-14% cash – Added some all e tech, iwel, samhi, rategain
- Positives – Acquisitions by Zaggle, Samhi, Zomato. Orderbook of Jash, Krishca, Inox. Customer acquistions by Rategain and Zaggle. Trading volumes on IEX.
- Picadilly – Not able to gain Confidence to either sell or hold so no change here.
New Entries –
- After reading about the bottoming of interest cycle wanted to get exposure to some financials, so looking at small cap space have narrowed down to Moneyboxx and Emerald. A lot has been written about moneyboxx so nothing to add and emerald is very small business with EWA being the major business line promising no NPAs. Results came yesterday and the trajectory is looking good.
- SWsolar – Order book is promising with a good management but some issues with promoters. I have not deep dived on this one. This is a FOMO buy, since SP group needs money and there selling drove the price down without any change in underlying business. But i am not fully confident so have to revisit this one.
- Tracking positions – exicom, indotech and veritas. Will post a rationale if i convert them to long term holding
- Reading – VOEPL, Advait, RBMinfra, Ceigall, Efcil
Cash – ~2-3%
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