You seem to be having bunch of cyclicals (M&M, Leyland, Jain, Star paper) and PSUs (IOC, CESC, Cochin Shipyard, NBCC, REC). You should have clear targets for these stocks as historically they aren’t good long term wealth creators so right entry and exit is crucial for most of these.
The stocks where you are carrying unrealised losses, see if you are finding any better opportunities to switch as only during market fall you could find good companies at reasonable price. Booking loss will also help to reduce tax outgo. I feel M&M, Leyland, KVB as good candidates for these, but wait for market fall.
See if you could consolidate your portfolio tail as you mostly deal with large caps, it make sense to bet big on stocks were you have higher conviction.
Also don’t just go by PE (I did the same mistake of giving more weightage to PE during stock selection but later figured out that its just one of the key dimensions and not the top criteria to go with).
I m go through your portfolio & more specifically your remarks column speak truth. You have good portfolio. You & I hold common stocks ( ashok Leyland, cesc, Infosys, rec, kotak Mahindra, Spencer’s, Indian oil, HDFC) which I hold like you from past 4-5 years for nearly same average price but different weightage.
It’s not advised but just suggest to you reduce weightage of PSU & auto companies & invest in bank, financial services, pharma stocks, whenever you get opportunity. Better if increased weightage of Infosys, HDFC & get rid off ashok Leyland, Indian oil, Karur Vysya, rec, Jain irrigation, finotex chem, nbcc, star paper. That would also help you reduce total number of companies.
@krishnan_chockalinga Thanks for your articulation and sharing your PF. I hope that you must be having your investment strategy in place and you have done enough research on each and every stock of your PF. Its very difficult to comment on your individual stock because you alone knows why you bought and when you are planning to get rid of stocks. What financial goals are you trying to achieve?
If I am you and if my time horizon is more than 10 years of holding investment than I would never keep following stocks in my PF: Tata chemicals, Federal Bank, Cochin, Ashok leyland, REC, Tata Investment corp, NBCC, Indian Oil, Karur Vysaya bank. Other companies I dont have any idea.
Some stocks are common in my PF like Infosys, HDFC, Chola, Amrutanjan, Petronet which I think are worth keeping for long term bets in PF. If you wish you can refer my PF for reference.
