An update on the portfolio. Trimmed (booked profit) in Symphony,Astral,Mayur,Kitex and Ajanta. Increased exposure to PIIndustries, Vinati organics, Shilpa, CCL and Capital First. Entered Cera(entry into premium segment after consolidating mid segment), Suven(more confident of pharma doing well) and CARE in the recent correction. Exited TV Today(borrowed conviction), Ashiana housing(lost patience waiting for RE recovery), Atul Auto(growth not happening) and Cyient(want to re-enter at lower price point). Highest allocation is for Avanti 11% and lowest is 3.5% for CARE,Suven and Mayur. I want to increase stake in Gruh and Mayur. Continuing to bet big on exports(pharma,chemicals,custom manufacturing,textiles,coffee and aquaculture).
New learning points 1) stock in the pf is better/safer than the elusive stock in the watch list. 2) able to chop past favorites(ashiana) 3) learning to ride the market with Avanti without profit booking 4) Started a new experiment of sticking with Kitex in spite of valid concern about foreign currency parking issue(only reason is the belief in Sabu as the Jockey)....time will unravel the truth.