October 2, 2025
Sanjoy Bhattacharyya
Sanjoy Bhattacharyya’s Model Portfolio has thrilled investors by giving fabulous returns. The Model Portfolio has outperformed even the best performing Mutual Funds
Sanjoy Bhattacharyya’s Model Portfolio has thrilled investors by giving fabulous returns. The Model Portfolio has outperformed even the best performing Mutual Funds




Sanjoy Bhattacharyya

Sanjoy Bhattacharyya, the veteran value investor, is a strong believer in the philosophy that one should invest only in the best companies and at the lowest possible price. In October/ November 2013, Sanjoy created a Model Portfolio of 15 top-quality stocks. He selected each stock after rigorous checks & filters. Apart from the quality of the business and the integrity of the management, Sanjoy paid careful attention to the P/E, P/B, 5 year average ROE and 10 years sales growth of each stock.

This way, Sanjoy Bhattacharyya ensured that investors were getting the best stocks to invest in, at the lowest possible value.

Today, 6 months later, the results of Sanjoy Bhattacharyya’s efforts can be seen. The Model Portfolio has given an average return of 51%. This performance (for just 6 months) is incredible and beats the 45%+ (annual) return given by a few top notch mutual funds.

Out of 15 stocks, 4 stocks (Astra Microwave, Balkrishna Industries, Mayur Uniquoters & VST Tillers & Tractors) have given 100% + gains. 6 stocks have given returns between 30% to 70%. One stock was flat. No stock is in a loss.

Company Price on 19.10.2013 (Rs) CMP (Rs) Gain (%)
Astra Microwave 35 78 103
Balkrishna Industries 245 530 110
Corporation Bank 258 292 11
Engineers India 174 235 38
FDC Ltd 87 135 41
Foesco 488 525 9
Grindwell Norton 223 312 34
Indraprashtra Gas 281 285
Mayur Uniquoters 134* 291 117
Orient Cement 40 50 24
Sundaram Finance 510 708 34
Swaraj Engines 479 736 46
Tide Water Oil 6804 8259 21
VST Tillers & Tractors 471 1036 114
Wim Plast 346 614 71
Total 773
Average Return 51

*Adjusted for bonus

Several other stocks recommended by Sanjoy Bhattacharyya from time to time (FAG Bearings, Supreme Industries, J&K Bank etc) have also given superb gains. Of course, Sanjoy has also had his share of losses & duds.

If you are interested in more model portfolios from Sanjoy Bhattacharyya, you should see the “capital preservation” & “Cheap, Cheerful and Contrarian” portfolios designed by him for Forbes. You should also check out the stocks picked by Sanjoy for the Ocean Dial’s “Gateway to India Fund”.

2 thoughts on “Sanjoy Bhattacharyya’s Model Portfolio Of Top Stocks Gives 51% Return In 6 Months

  1. What is your opinion about buying shares of these companies now? Is it too late or are these companies going to grow even more in the next 2-3 months?
    Thanks.

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