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 .
Investment journey of a late starter (30-09-2024)
Cummins India launches Retrofit Aftertreatment System for emission control in gensets (30-09-2024)
This highly efficient and indigenously designed retrofit emission control device effectively reduces Particulate Matter (PM), Carbon Monoxide (CO), and Hydrocarbon (HC) emissions from genset exhaust upto 90%. The product is thoughtfully designed to be compact, providing a space saving solution with minimal operational and maintenance expenses.
Swiggy, Hyundai, Vishal Mega Mart among 5 IPOs approved by Sebi; Innovision prospectus returned (30-09-2024)
Sebi has approved the IPOs of Swiggy and Hyundai Motor, allowing them to go public in the coming months. Swiggy aims to raise around Rs 10,000 crore, while Hyundai’s Rs 25,000 crore issue will be the largest in India’s history. Mamata Machinery, Acme Solar Holdings, and Vishal Mega Mart have also received approvals.
Gov. Gavin Newsom of California Forces a Rethink of A.I. Rules (30-09-2024)
Gov. Gavin Newsom’s decision to veto wide-ranging set of rules for artificial intelligence companies underscores the political difficulty of policing the technology.
Board of Indian Oil withdraws proposal for Rs 22,000 cr rights issue (30-09-2024)
At meeting held on 30 September 2024
Sensex drops 1272 pts, Nifty ends below 25,850 amid mixed global cues (30-09-2024)
Domestic equity benchmarks experienced a sharp decline today, mirroring global trends, as tensions in the Middle East escalated. The Nifty50 closed below 25,850, with sectors like auto, banking, and finance bearing the brunt of the sell-off. However, metals and media stocks bucked the trend. Global investors are closely watching US economic data, particularly the jobs report, which could influence the Fed’s interest rate decisions. While China’s market saw a rebound due to stimulus measures, India’s premium valuation and global pressures weighed on its performance. Domestically, investors are looking forward to Q2 earnings reports, hoping for a reversal after a weak Q1.
After board meeting, Indian Oil withdraws Rs 22,000 crore rights issue (30-09-2024)
The decision came after a communication from the Ministry of Petroleum and Natural Gas, which said that no funds had been earmarked for capital support to Oil Marketing Companies in the 2024-25 Budget