Atirek portfolio

Exited Sandhar at a loss of 12%
I exited at 565 in the first week of October and it was 3 percent of my portfolio.
Reasons were

1. The smart lock is not getting adopted well and it is a little complex to apply. Verified it from YouTube. I should have checked the comments on the new lock mechanism before buying Sandhar.
2. Retail sales have increased by 10 percent in the past twelve months, and wholesale sales have been larger, which means we might face an inventory problem for 1-2 quarters. The festive sale should be good to overcome the excessive inventory.

As my two main thesis broke and just waiting to check the festive sales does not provide the good risk and reward, I sold the Sandhar in the first week of October.

Things triggering my sale decision

1. The price drop of more than 10 percent

2. The report by the IIFL named 2W industry – Entering a tricky phase in September.
   

3. I learned how the things that get reported in Auto sales are all wholesale sales. For retail sales, we need to check the Vahan portal. Wholesale sales are reported at the monthly level.

4. The review of new smart locks by looking at the comments.