So elated to see seniors viewing & giving a thumbs up to the portfolio.I would also like suggestions on what I should call you guys: Vinod Sir & Hitesh Sir? Or Dr. Vinod & Dr. Hitesh? For the time being I am addressing you guys by your names so…gustakhi maaf
Regarding scuttlebutt,I would like to disclose that I live in Dehradun & there are not many stores of Valuepickr favs: kaveri seeds,astral poly in the main city.However,Kajaria,ARBL,Cera are very visible all around I feel in order to establish a brand/‘moat’,its important not only to have good,appealing ad campaign but also a good distribution network(dealers & stores) As the company becomes bigger,their penetration in the city(ies) must also increase.So,I like Greenply.
I have seen some of your ‘conviction ideas’.Ajanta,Kaveri,Greenply,etc.The good thing about Valuepickr is that one can’t make up recos(i.e.,one can’t take undue credit!) It’s all present on the reco date with CMP,Mcap,etc at that time.Great picks,all of them.I would’ve said the same even if the prices had not appreciated so much,but the gains do dilute the appreciation I have for your ideas.
Thanks for the recos.I really like Emami(more than ITC,HUL,etc) as a steady compounder.But in all such cases,the price assumes prime importance.I never felt that the ‘price is right’ in Page,Eicher,HDFC Bk,though IndusInd looked great at 390 & Emami at 580(in the last meltdown of sorts)
As regards MFs,my strategy is to exit a part of my units when I want to buy a stock.If Supreme comes at <315,Page around 3500,Mayur around 400,La Opala around 300,etc. I will be disinvesting a MF.That would automatically reduce my MF exposure & increase exposure to stocks.