This is my first thread on this wonderful forum. I would like to brief about my investment journey and would like all the members to review my existing portfolio.
I am in my early thirties and mostly worked in software product development organizations. Even though opened demat and trading account in 2007 with my first job, but did not invest much due to lack of money.
Father is actively involved in stock markets, has a very good knack of picking good quality stocks but generally sells too early leaving a chance of creating wealth.
Taking lessons, I have started with long term investing from last 3 years.
Nothing much to talk about, was complete rookie in stock markets. Investing meant CNBC, moneycontrol, etc. and used to buy shares which were traded in the range of 50-60 rs. Luckily, did not lose money and did not make anything as well.
A big sin but started with 100% allocation only in one stock.
Bought Yes Bank @ 300 and sold with around 20% profit in 1 year.
Started reading about long term investing. Followed some quality blogs and came across valuepickr somewhere in 2015 end. Read one up on wall street, pat dorsey - 5 rules of successful stock investing and current reading Basant Maheshwari’s book.
Got lucky and first stock I bought was Can Fin Homes around 400. Sold the entire quantity around 2000 with 5x returns in 2 years.
CMI @ 125, CMP - 216 (15% Allocation)
Government initiative on railways. Infrastructure development in coming years to aid speciality cables company.
Cosmo Films @ 428, CMP - 432 (23% Allocation)
Packaging industry and a leading player in that. Low PE ratio.
Hudco @ 73, CMP - 69 (17% Allocation)
Betting on urban infrastructure push by the government, smart city projects, etc.
Minda Corporation @ 100, CMP - 118 (9% Allocation)
Good sales and profits in last 5 years, less D/E ratio and good ROE.
Nandan Denim @ 95, CMP - 151 (4% Allocation)
2nd largest denim manufacturer in India, good promoter holding. Good profit growth, improved ROE and ROCE for last 5 years. Capacity expansion to contribute to both top line and bottom line growth in future.
Suven Life Sciences @ 190, CMP - 172 (25% Allocation)
I consider this as a very big opportunity cost as holding this for last 3 years. Got good chances to sell during run up but did not sell considering good future growth. Currently pharma sector is down, so that makes it a laggard in the last 3 years bull market.
Suzlon Energy @ 21, CMP - 18.5 (7% Allocation)
Holding a small quantity considering the turn around bet and reduced debt as well as good performance in the last 2 quarters.
My cash position is currently equal to the amount I have invested in the equity portfolio. Waiting to invest as and when market corrects. This gives me a cushion on the downside and even I can average down in case of high conviction bets.
Century ply, kajaria, Asian paints, britannia, IndusInd.
Kindly provide your valuable suggestions on the current portfolio and future actions.