Taking singles and doubles in the market now, not sure with market’s direction with multiple important events on the line for this week, I dont want to jump the gun and go invest right away. Though my SIP day is on 15th…
Bought 1 share of KPIT @ 1418 and 1 share of Tata motors @ 833
Bought on the second rationale – Taking advantage of falling rupee.
Tata motors juicy portion of business comes from Jaguar Landrover and it has become debt free and with the type of distress multiple automobile players are going through, Tata motors has the sweet spot to have all the components of what makes an EV. They have Steel player in Tata steel, Software player in TCS and Tata tech & Tata Elxsi, Automobile plants, Access Wide brand name and market, Debt free balance sheet and cash reserves.
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