I won’t say all , but most of the IPOs are not of good quality, for holding long … few are already below IPO price.
There are many from peak of 65 stocks i bought it around 20 … Few reason are - inconsistent revenue/profits, cyclic sector, wanted to reduce exposure to a particular sector, few IPO applied only for listing gains, few were only momentum play etc.
Now I’m sticking with leader’s of that particular sector which has a huge moat … prefer to hold stocks for next ten years without shuffling every now and then.
Each stock allotment is around 5% . holding 10% cash
Watchlist - Abbott India
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Nice portfolio! I am thinking of adding some new stocks.
Can we please know the reasonings for
aarti above Deepak nitrite
Hdfc bank above ICICI Bank
Divis above laurus
Deepak nitrate has commodity element , Aarti is more of a speciality chemical company… and i wanted to reduce exposure to a particular sector…
ICICI Bank books looks clean now but I won’t invest where their was corporate misgovernance , fraud and fund mismanagement , especially in financials - never know when buried skeletons will reemerge.
At present valuations of HDFC bank is also reasonable.
Lauras lab has problem with their ARV business , they are expanding to other areas how they shape up will need to track … Divis is more established player , with consistent top- bottom line…
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You might like to review 1,2,3 ,6 ,8,11,14,15,16,18. These all seem overvalued even at current prices. Readjusting the PE benchmark wrt low-liquidity scenario and discounting older growth-assumptions in slowing-down economies.
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