Many of us have been pondering over what to with VP Portfolio picks - most of which have seen tremendous stock performance - many of whom have been big winners.
It’s important to keep in perspective the kind of spectacular growths registered by most of these businesses. In some cases like Ajanta Pharma and Kaveri Seeds - we have seen these kind of growths being responsible for overvaluation-undervaluation playing catch-up. And therefore there is NO DEBATE on recommended actions.
However there are a few like Mayur Uniquoters,. Astral Poly Technik and Atul Auto which may look over-valued to most folks. So why are we not recommending a complete exit for say Astral Poly Technik at ~50x trailing earnings (last 12 months)??
A more nuanced approach to Calibrated exits from our biggest winners has been outlined - after deliberations with many senior investors/fund managers over the last one month and more. We are sure most of us will benefit - form the experience sharing already captured therein - and we hope many more useful insights will emerge - to help us navigate what may be uncharted waters for most of us.