Avanti Feeds was catapulted into stardom (amongst us) when Dolly Khanna (a.k.a Rajiv Khanna) gave it pride of place in her portfolio of glittering multibaggers. With Dolly’s magic wand propelling it, Avanti Feeds took off like a rocket and surged to stratospheric heights.
An interesting fact that has now come to light is that Prof Sanjay Bakshi, the authority on value investing, was among the first to recognize the huge potential of Avanti Feeds. In fact, the Prof was way ahead of everyone else. He had invested in the stock as far back as in 2004 when the stock was an ultra micro cap and an unknown entity.
Unfortunately, though the Prof bought the stock with full conviction, he did not have the patience to hold the stock. He sold a chunk of 7100 shares on 23.09.2004 for a pittance of about Rs. 56 each. The total sum realized by the Prof was a paltry Rs. 3.97 lakh.
(Image Credit: Prof. Sanjay Bakshi)
Today, about 11 years later, Avanti Feeds is going strong at Rs. 2034. The stock is up a mind-boggling 3341%. If the Prof would have held on to the stock, his holding of 7100 shares would be worth a king’s ransom of Rs. 1.44 crore.
Anyway, by revealing these top-secret details, Prof. Sanjay Bakshi has sent us a subtle but strong message which is the following:
(i) Be patient with your stock picks. If you are confident about the fundamentals of the company and its growth prospects, don’t sell the stock only because there is no movement in the price. The stock price will move up sooner or later and when it does, it will more than make up for the period of waiting. In fact, in an earlier message, the Prof advised us to be “extremely passive” with our investments;
(ii) If you have been impatient and sold off the stock, don’t despair over it. As Basant Maheshwari said in his bestseller, The Thoughtful Investor, the stock market is like an ever-flowing river. If you miss one fish, there are plenty more coming your way. You have to keep your eyes and ears open and be ready to grab the opportunity.
Now, what we have to focus on is as to which is the next Avanti Feeds coming our way. When we spot it coming, we must grab it hook, line and sinker!