@dineshssairam Appreciate your comments. Let me elaborate my ‘stories’ on my holdings -
Piramal - Good past track record + Able operator + good capital allocation in the past + growing financial services business
Unichem - Special situation investing (buyback)
Prakash - Rising steel prices + value unlocking from PVC demerger
PI Industries - Growth story in agrochemical space
Skipper - increasing capex in power + PVC pipes growth story
AYM Syntex - management focus on making specialty man made fibres can fuel growth going forward
PNB, Can Fin Homes - discovered plays on housing themes with long runway
PC Jewellers - discretionary consumption growth story
Thyrocare - robust hub and spoke diagnostics growth story; added after recent correction; runway gives confidence despite high valuation
GHCL - Oligopolistic soda ash manufacturer available at comfortable valuations
Meghmani & Balaji - Bets on growth in chemicals
Accelya - Proven track record in airline accounting software + group synergy with Mercator likely to improve profits
Parag Milk - consumption story on value added milk products; brand building underway; improving management depth
Pokarna - Bet on US quartz market available at decent valuation
Avanti Feeds - Well discovered aquaculture theme with potential growth opportunity
Hindustan Foods - Speculative bet on contract manufacturing; cloning Nikhil Vora’s idea; skin in game for marquee investor gives confidence
TVS Srichakra - long term bet on growth in tyre industry
Pritika Auto - speculative bet post business restructuring of casting manufacturer for tractors
There are also some speculative bets (heard on the street or cloned from other portfolios) that I’ll admit I know only vaguely about - but haven’t done enough research -
Oberoi, Kolte Patil, Uniply, Everest, Sunteck
Manappuram/Gujarat Ambuja