Sold off Trent and Infosys and added Motilal Oswal Financial services and KPIT Tech.
Motilal Oswal – Rationale – In a Sweetspot to take advantage of boom in wealthy indians and Broking as stock demat accounts reach sky high. It caters to the investment rationale of taking advantage of K shaped recovery in India
KPIT Tech -Rationale- It caters to the investment rationale of taking advantage of falling rupee and booming EV ecosystem across the world. It has a stronger project pipeline than Infosys. Pretty much it has given a huge run up but just now got a chance to offload a giant like Infosys and switch to KPIT as it has recently facing brunt of demand slowdown due to Chinese players entry and off shoring in Europe. However, it seems to be minor blip even the management has not reduced its guidance. It has gone to post 17th consecutive quarter on quarter growth. Better to be part of the journey on a longer term
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