Yes, This is a process I am on.

However, there is some element of fear in ‘letting go’ of a company. For example, I had KSB Ltd at 1400 and fully booked out at around 2500, also SolarInds at 1500 and booked out at 3000; in both cases I was reluctant to book out but felt KSB had already run up quite a bit (mistake) and Solar had in-fighting (another mistake), and that there may be other opportunities. While the funds were reinvested well, they would have yet grown handsomely If I had held on.

I don’t think there is any company in my PF which does not have a great runway ahead. They are all good and will perform well. The challenge, however, is to prick the fruits which have the most juice basis the next 5 years. Yes, we do need to consider past records, changes in govt policy, tailwinds & headwinds, execution & management pedigree, etc.

I don’t believe there is a straightforward mathematical formula for this, rather it is an art that needs to be learned & cultivated along the journey, which will involve some incorrect decisions and looking back will provide learnings.

At the same time, having an open discussion as this, adds to the learning process.

That is the norm. No matter what, it is always for personal reasons/ health/ wanting to spend time with family. Very rarely do senior management or even junior people give the real reason for leaving.

I think they’re good cos. But I don’t bring myself to buy them at these valuations. They are valuations are reasonable but not cheap enough for me to buy.
I’d rather invest in my existing portfolio cos (portfolio here

Disc: No reco buy or sell

I am not sure about the further upside in Talbros. Because if we check the P/E of Talbros it is 27.6 While Bajaj Auto (to whom Talbros is supplying) is a P/E of 26

I will be grateful if someone can throw some light

Good summary of the railway opportunities