Styles vary. Check Howard Mark how many he used to hold in PF, same way our @ayushmit
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I am from the same constituency and I would say that he deserved the most to lose. Not everything you see in the social media is true. āPoor guyā you know, funny.
We all have our differing our political views but it is better we donāt bring that into investing. I have been here probably less than a year but I would like to learn more from here. Not about politics. Thanks!
And best of luck for your 10k. Get it done under 70!!
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hi Sai,
I have been using this space as a journal of sorts. Its purely my opinion dude and i may be wrong. I have been living in chennai and during the floods i see lot of people complaining that funds arent utilized properly. roads in my vicinity that lead to hospital and schools are full of craters leading to accidents. I feel the infrastructure havenāt developed at the speed at which other states are developing theirs. the party still able to retain all their seatsā¦ i dunno may be its me , i prefer a change from this regime.
Thanks for the wishes dude, will hope to have some fun along the way as its in Coorg . Last i trekked Mount Batur dormant volcano which was 2 hours ascent and 3 hours on descent. some 8 kms totalā¦
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This is how my portfolio looks like. Sold 2/3 of Aegis . Really got lucky with my entry point. Added few other portfolio stocks with the proceeds. So many stocks in my portfolio are waiting at an opportune exit point (more of a opportunistic entry/exit). Except few not many of them are part of the core portfolio.
| Instrument | Current Value | Return |
|---|---|---|
| KOTAKBANK | 8% | 2 |
| IDFCFIRSTB | 6% | 110 |
| IDFC | 2% | 162 |
| SKIPPER | 5% | 359 |
| INTELLECT | 5% | 81 |
| PRAJIND | 4% | 14 |
| PVRINOX | 4% | -1 |
| HDFCBANK | 4% | 7 |
| PAUSHAKLTD | 4% | -6 |
| VINATIORGA | 4% | 3 |
| SGBJ28VIII-GB | 3% | 38 |
| SGBJAN29IX | 3% | 55 |
| EIHOTEL | 3% | 97 |
| SYNGENE | 3% | 4 |
| HINDWAREAP | 2% | 6 |
| AVANTIFEED | 2% | 56 |
| 3BBLACKBIO | 2% | 192 |
| PRINCEPIPE | 2% | 7 |
| ASIANPAINT | 2% | 5 |
| KNRCON | 2% | 43 |
| UJJIVANSFB | 2% | 112 |
| CARYSIL | 2% | 27 |
| MOLDTKPAC | 2% | 4 |
| FLUOROCHEM | 2% | 8 |
| SUNTECK | 2% | 79 |
| NATCOPHARM | 2% | 73 |
| LAURUSLABS | 2% | 10 |
| HBLPOWER | 1% | 416 |
| RACLGEAR | 1% | -5 |
| APLLTD | 1% | 25 |
| AEGISLOG | 1% | 173 |
| PIIND | 1% | 10 |
| MARICO | 1% | 63 |
| AMBIKCO | 1% | 15 |
| HDFCAMC | 1% | 127 |
| SATIA | 1% | -2 |
| SANGHVIMOV | 1% | 10 |
| UNIPARTS | 1% | -9 |
| KRBL | 1% | 19 |
| DRREDDY | 1% | 35 |
| DHPIND | 1% | 100 |
Can you add rationale? I hold pi, sunteck and idfc from this list
More like Iām diversifying across sectors
PI for the CDMO opportunity in the agro chemical space. Also its branching out to pharma CDMO
Sunteck- I like how the company is focused on the geography BKC in mumbai . Promoters pedigree/execution abilities. Star investors validation/association of Kotakā¦ having said all that my allocation is small that i would exit it at the next meaningful rise
IDFC- probably my longest and largest holding. Holding for 3 years and starting picking when it was capital first making my initial buy price @42. I even doubled down when it reach 30 @Juneā22 when after two quarters of better performance the price dropped since the market was expecting the company to post treasury losses due to the rising yields. I sensed its a one off incident even if it happens. I dont mind the frequent dilution. Most of the private banks are available at attractive valuations now and its my top pick due to the better IT interface , credit cards segment growing and the newly opened branches breaking even to bringing the cost to income ratio down. Will offload 50% kotak and hdfc may be in future to make entry in to other sectors( renewables / water/ ESG kinda theme).
My regret mostly have been the error of omission (recent one being technoelectric). Once the risk reward is in you favor, i think its better to pull the trigger first and do the detailed study later.
Consolidated my portfolio allocation. In cash 5% and will deploy if market presents better (tempting) opportunities.
| Instrument | Allocation |
|---|---|
| KOTAKBANK | 8% |
| IDFC | 2% |
| IDFCFIRSTB | 6% |
| SGB | 6% |
| INTELLECT | 5% |
| PRAJIND | 5% |
| PVRINOX | 4% |
| PAUSHAKLTD | 4% |
| SKIPPER | 4% |
| HDFCBANK | 4% |
| VINATIORGA | 3% |
| HINDWAREAP | 3% |
| 3BBLACKBIO | 3% |
| SYNGENE | 3% |
| EIHOTEL | 3% |
| RACLGEAR | 3% |
| PRINCEPIPE | 2% |
| AVANTIFEED | 2% |
| ASIANPAINT | 2% |
| UJJIVANSFB | 2% |
| CARYSIL | 2% |
| KNRCON | 2% |
| MOLDTKPAC | 2% |
| SANGHVIMOV | 2% |
| NATCOPHARM | 2% |
| HBLPOWER | 2% |
| SUNTECK | 2% |
| LAURUSLABS | 1% |
| APLLTD | 1% |
| SATIA | 1% |
| PIIND | 1% |
| AMBIKCO | 1% |
| HDFCAMC | 1% |
| MARICO | 1% |
| AEGISLOG | 1% |
| KRBL | 1% |
| UNIPARTS | 1% |
| DRREDDY | 1% |
| DHPIND | 1% |
Would you please purchase or sale after last PF post and the rationale for the same ?
Bought more of Sanghvi movers and RACL.
Sanghvi movers the revenue expected to go up since they are venturing in to EPC. also the closest i have to wind energy proxy. My biggest realization is i missed out the renewables big time. Having made the initial allocation will wait for results to load up further
RACL the only auto ancillary company i have i my portfolio, having sold asahi earlier. Want to bring the allocation to a decent level and below 1100 was nice levels to add having missed at 200 and 400 (reason why we should study the story faster before the price gallops faster) will again look at the quarterly results to add further
Have sold very few quantities across many companies (aegis, vinati, praj skipper etcā¦) to raise cash.
Will also reduce my holdings in kotak at opportune time.
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Had to jot down some thoughts (journal entry) after this quarter resultsā¦
Just when you thought its clear road for next three years for all the lending institutions they came up with a quarter of dismal earnings. Though i did refrain from adding new funds at index high , i really think i could have made a cash call. Deepak Shenoyās twitter post on cash call was brilliant. ā its not just important you make a cash call, also very important when you reenterā. anyways i digress
Have to wait it out for some time to get meaningful returns in my portfolio. Till then i think i can focus on my personal stuff. Especially my career which needs a revamp . lolz.
Finish Coorg 10k at 73 minutes because of the steep uphill roads(elevation gain). Think i can get back to 60s mark again in plains.
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Happen to book losses for tax loss harvesting to the tune of 5% of the portfolio. Was a new experience to do tax harvesting as usually there is price anchor bias from my side. Since i properly paid my taxes last year (all the holdings are in my wifeās demat account and the tax liability is less as she is home maker) and intend to do so this year it makes sense to sell at loss today and buy the same tomorrow.
Portfolio updates. Bought few SGBās recently as it was trading below the market price. Rest waiting for the results .
Booked profits to the tune of 12% of portfolio last year and starting this year on a clean slate. Portfolio returns roughly about 16%. Frequent churning last year as Iām still learning business but the broader theme is given in few points below.
More inclined to small and midcaps
Moving away from financial services
Getting in to sectors which i wanted for some time( ex: water theme : wpil. EMS continues to elude me. PG Electroplast was a costly miss).
Booking losses in few scripts liberated me. Able to reduce the price anchoring bias though not completely out of it
| Instrument | Allocation | Avg. cost | LTP | Net chg. |
|---|---|---|---|---|
| IDFCFIRSTB | 6.4% | 35.2 | 67.18 | 90.86 |
| RACLGEAR | 6.3% | 900.7 | 833 | -7.52 |
| DDEVPLSTIK | 4.9% | 309.7 | 293.1 | -5.36 |
| PAUSHAKLTD | 4.4% | 4993.81 | 4698.15 | -5.92 |
| UGROCAP | 4.0% | 202.71 | 194.05 | -4.27 |
| MOLDTKPAC | 3.9% | 636.04 | 514.7 | -19.08 |
| SAMHI | 3.3% | 169.04 | 176.2 | 4.23 |
| 3BBLACKBIO | 3.2% | 317.43 | 1795.15 | 465.53 |
| VINATIORGA | 3.1% | 1590.05 | 1670.8 | 5.08 |
| SGBJAN29IX | 3.0% | 7599.38 | 9298 | 22.35 |
| INTELLECT | 2.9% | 491.66 | 769.75 | 56.56 |
| DELHIVERY | 2.8% | 348.63 | 294.05 | -15.65 |
| SGBJ28VIII-GB | 2.8% | 7903.81 | 9187.73 | 16.24 |
| PRAJIND | 2.5% | 499.59 | 528.55 | 5.8 |
| EIHOTEL | 2.5% | 231 | 382.3 | 65.5 |
| AVANTIFEED | 2.4% | 437.81 | 858 | 95.98 |
| WPIL | 2.3% | 380.32 | 455.85 | 19.86 |
| SKIPPER | 2.3% | 70 | 458.45 | 554.93 |
| UJJIVANSFB | 2.3% | 28.18 | 44.27 | 57.08 |
| MOTHERSON | 2.2% | 128.12 | 133.3 | 4.04 |
| AMBIKCO | 2.0% | 1390.84 | 1404.4 | 0.97 |
| TANLA | 1.8% | 574.21 | 490.55 | -14.57 |
| PIIND | 1.7% | 3351.77 | 3683 | 9.88 |
| EIMCOELECO | 1.7% | 1896.14 | 1790 | -5.6 |
| KOTAKBANK | 1.7% | 1594.92 | 2267.55 | 42.17 |
| CARYSIL | 1.6% | 645.05 | 680.1 | 5.43 |
| HBLENGINE | 1.5% | 91.92 | 531.25 | 477.93 |
| KNRCON | 1.5% | 256.05 | 234.28 | -8.5 |
| MAWANASUG | 1.4% | 110.53 | 93.75 | -15.18 |
| PVRINOX | 1.4% | 1269.14 | 972.8 | -23.35 |
| SANDHAR | 1.3% | 356.52 | 407.45 | 14.29 |
| MARICO | 1.3% | 400.51 | 709.15 | 77.06 |
| UNIPARTS | 1.3% | 449.43 | 335 | -25.46 |
| APLLTD | 1.2% | 730 | 857 | 17.4 |
| NATCOPHARM | 1.2% | 624.19 | 839.3 | 34.46 |
| SUNTECK | 1.1% | 283.41 | 403.7 | 42.44 |
| MANYAVAR | 1.1% | 785.69 | 805.7 | 2.55 |
| PVSL | 1.1% | 101.25 | 99.86 | -1.37 |
| DAMCAPITAL | 1.1% | 233.46 | 226.15 | -3.13 |
| KRBL | 1.0% | 236.6 | 312.2 | 31.95 |
| HDFCAMC | 1.0% | 1685.49 | 4503 | 167.16 |
| CAPACITE | 0.9% | 325.89 | 383.75 | 17.75 |
| SATIA | 0.9% | 77.29 | 75.27 | -2.61 |
| DRREDDY | 0.8% | 893.69 | 1175 | 31.48 |
| SANGHVIMOV | 0.6% | 254.39 | 299.52 | 17.74 |
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Hi,
Booked out completely on Paushak. The results were nothing extraordinary and got a chance to exit after the Annual general body meeting (i dint attend) where the stock split/ bonus share was discussed. Felt like Iām not following the story other than it being niche phosgene manufacturer with moat being licenses issue restricted citing safety concerns
unbooked returns at 20% and booked profits at 5% so portfolio returns at 25% so far. not adding additional funds but a lot of churn happening. Especially after last may (during trump tantrums) when portfolio returns turned negative Iām being overtly cautious on capital preservation and expect this is more of a consolidation phase in market rather the bullish one.
Thought i will add my thesis on a pick i have in my portfolio PVR cinemas. (disclosure: holding 2% at 1200)
1743 screens across 352 cinemas
Net debt reduced by 38% since merger even in this quarter they reduced the debt thereby reducing the interest burden
Additional screen added using asset light model.
Now coming to the actual threat from OTT. already few articles cropped up citing ott fatigue and people storming back to theatres.It is visible from 3.4 crores people visiting movie halls this quarter compared to 3.1 last yr . Also this quarter july has been exemplary thanks to modest films bringing in footfalls in absence of tentpole releases ( sayyara) and also because of hollywood big budgets like superman and jurassic park. With big ticket releases like war 2 and coolie coming up , im pinning hopes on this quarter.
PVR has been a play on increasing disposable income. 10 yrs back i would think twice booking a movie and now with a family of 3 i donāt hesitate to book a movie over a weekend. Affordability also due to the movie tickets not keeping with the inflation.
Since PVR requires 20% occupancy to break even. if the line up in a quarter is good then it shouldnt be a problem at all. Also currently the revenue is skewed towards hindi releases and the hindi movie industry is recovering after a slump. so next few quarters should augur well for PVR INOX.
Few metric to watch , increasing footfalls, how the Asset light model pans out, impending big ticket releases, OTT fatigue
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Portfolio before the result season begins.
if the results disappoint this quarter the market might crack big time.
time to wait for the results to chop or add to my holdings.
Hero and icici are just to apply in shareholders category in ipo of heromotor fincorp and icici prudential
| Instrument | Day chg. |
|---|---|
| RACLGEAR | 6.1% |
| UGROCAP | 5.2% |
| IDFCFIRSTB | 5.0% |
| MOLDTKPAC | 4.9% |
| SAMHI | 4.4% |
| DDEVPLSTIK | 4.3% |
| DELHIVERY | 3.6% |
| SANGHVIMOV | 3.3% |
| CYIENT | 2.9% |
| VINATIORGA | 2.8% |
| WPIL | 2.7% |
| MOTHERSON | 2.3% |
| EIHOTEL | 2.3% |
| SKIPPER | 2.3% |
| 3BBLACKBIO | 2.2% |
| MAWANASUG | 2.2% |
| MANYAVAR | 2.2% |
| UJJIVANSFB | 2.1% |
| INTELLECT | 2.1% |
| HBLENGINE | 2.0% |
| AMBIKCO | 2.0% |
| BLUEJET | 2.0% |
| PRAJIND | 1.9% |
| TANLA | 1.9% |
| PVRINOX | 1.9% |
| BLS | 1.8% |
| CARYSIL | 1.8% |
| AVANTIFEED | 1.8% |
| SGRL | 1.6% |
| MACPOWER | 1.5% |
| CAPACITE | 1.5% |
| KNRCON | 1.5% |
| DAMCAPITAL | 1.4% |
| SANDHAR | 1.4% |
| UNIPARTS | 1.4% |
| KOTAKBANK | 1.3% |
| AEROFLEX | 1.2% |
| MARICO | 1.2% |
| APLLTD | 1.1% |
| SUNTECK | 1.1% |
| NATCOPHARM | 1.0% |
| EIMCOELECO | 0.8% |
| DRREDDY | 0.7% |
| PIIND | 0.7% |
| EBGNG | 0.4% |
| ZAGGLE | 0.2% |
| ICICIBANK | 0.2% |
| HEROMOTOCO | 0.1% |
PVR Inox results next week is gonna be interesting. So many hits in south and a few decent hollywood hits (superman and jurassic park) but barring sayyara very few films in hindi (where they have 40% revenue) did well. Will it be net profit or a net loss quarter ,fingers crossed.
feel july exuberance dint carry over to aug and sep.
Feel vindicated with PVRINOX results.Like i observed very few hits in Hindi .Sayyara and Narasimha saved the day 260/980 crores just came from this two(just the july month collections were good to swing back to profits for PVR) .Though the hits from south film industry were more they contributed little percentage wise to PVRās revenue. There is more to take from south(Lokah just contributed 30 crores to the revenue though the movie grossed 180 crore. 24/220 from OG). Will add more when market opens after diwali. Wonder why the stock dint react positively today after good numbers.
positive trigger
1.Next quarter line up is good especially Avatar/ dhurandhar
2.Debt reduced by half than what it was during merger
3. lease screens opened in hyderabad and banglore. Few foco screens opened in north
PVR INOX earnings are highly uncertain that sometimes itās neither comparable neither on Q-Q nor Y-O-Y. Who would have ever thought saiyaara and narsimha will be the biggest hit of past quarter and dynamic changes friday to friday with every release.
it just operational metrics needs to be watched.
Yeah understood, but those should be taken in context with the price. from trading at 2000 couple of years back, its trading half its price . Two more quarter of good results, which seems very likely, would rerate the stock. Watch its performance before Covid the stock almost had a clockwork return. Now that the covid , OTT fear had abated and debt being paid down. PVR milking its brand with FOCO and asset light models in areas of high risk and expanding in south. Its reasonable to expect the price to at least double from these levels in another 3 year barring any unknown risk.