Hi Sameer,
Thought process is to buy good companies with reasonable margin of safety. But number of such opportunities are very low.
Hence I want to spend approx 50% of my capital on coffee can portfolio ( High PE, Solid performance, Strong MoAT Example: Pidilite, Brittania, HDFC Bank)
The other 50% on companies with low intrinsic value but with MOAT and potential to grow & clean management
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ITC - though the company has its downsides, Fundamentals are strong and has been punished by market for ESG & Capital allocation reasons
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McDowell - Strong MoAT, High penetration possible, Business will be back post covid + I like the management ( Anand Kripalu) and their priorities are top notch
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Infosys/Tech Mahindra over TCS - I like TCS, but just that I want to buy for a good bargain. TCS ran up a but too much for my liking and would consider once there is an opportunity.