Posted byPRASAD V. K.at September 28. 2013
3)International travel house-10%
As mentioned earlier slowly aligning portfolio to new evolving themes.Feel that story of direct consumption(obvious names) has already played out and we need to find out newer
untapped pockets of consumption.I am positive on travel,tourism,intercity transport,marriage companies,welding companies,fasteners and joining materials,women's apparel brands and kids wear.
Feel that TVS MOTORS and SUNDERAM FASTNERS can be good investment bets. Tvs is in
process of revamping the portfolio and partnership with BMW will come handy.Company
has got good rural presence and available at good valuations. Sunderam fastners could
be direct beneficiary of increased infra spending after 2014 gen election.
Trent,Arvind and gokuldas exports are also on watchlist.
If modi comes to power (which now looks to be reality) ADANI POWER and enterprise could really fly.Power seems to be a better bet.
Feel that Larsen could outperform all largecaps over a period of next three years and could become largest marketcap in India.Tempted really to buy in larsen.
Overall time has come to switch to different set of players.Next matches would be on easy subcontinent wickets with friendly pitches hence players like sehwag,yusuf pathan,yuvraj and raina ( technically not correct--analogy companies with unattractive ratios) are likely to outperform dravids and pujaras (pristine balancesheets).
Feel that with current run up almost all low hanging fruits have been taken.Need to fall back again on quality.Almost all stocks discussed in my sept 28,2013 post have run up too much and fundamentals will take some time to catch up.