I have started investing to make big buck but I am loosing money every day at accelerated pace of around 25000-75000/-.
Some of the picks in portfolio came with some research, and some came due to trading but couldn’t put stop loss.
V2 Retail- Largest holding in my portfolio bought around 23Jan18 of 26lacs. I was looking out for smallcap which can give big return in long term. But it is going down since i bought and now it is down by more than 60%. Thesis behind buying was B2C business which is good for long term investment. I was looking for smallcap idea in the B2C type of business and saw this holding in the PMS of edelweiss hexagon portfolio. PMS holding gave me courage and after reading their business model in AR and success of VMART in the same market gave further confidence. In Alpha Moguls Ravi was also talking big about this kind of business opportunity which V2 is tapping. So overall got convinced and bought it.
I see V2 retail falling from > 1.5 yrs and couldn’t really understand the reason of this much fall so didn’t sell it. Except one thing that SSG is negative which is not good but businesses go through ups and down but recently it falls by 4-5% every day which has shaken me and compelling me everyday to think about selling or holding it.
DeepakNitrite- bought in 2 tranches first 14lacs amount on 19Jan18 and second of 8lacs on 6may19. Recently sold at 315 of 7lacs amount.
Thesis brokerage report of edelwiess for buy recommendation and I found phenol plant will change the revenue prospect of the company. Each conference call of the company shows positive about business future and also results have been good. But for some reason, which i don’t understand, this holding is not giving return but not even loss.
Himadri Speciality Chemical- Bought on 2Aug18 of 10lacs this was a trading call to get out as soon as i make 10% but this went down and i couldn’t put stop loss. Thesis even for trading I have seen Himadri in the edelweiss PMS and i liked the business beacuse they have 70% market share of coal tar. It is fully backward integrated company and zero discharge. They have future plans like special carbon products and Adv carbon material for lithium batteries. But now this is also falling freely and I am here also down by 40% which is compelling to think about selling.
Eclerx- bought on 15Mar19 of 10lacs amount. My spouse works here and that is how i see it as good business. So when they announced buyback i bought the share thinking it will make some quick bucks but after the purchase it started falling everyday. Even though buyback was at 1500/- price, no one paid any heed to it. And I was not aware of buyback percentage only 4% of my stocks went in the buyback so i gained only 15K on 50,000/- buyback and rest of the stocks fell more than 43%. Nothing explains such a fall in Eclerx this is a good company and low P/E. Yes their revenue is not growing but business is solid.
Sterlite technologies - Bought recently 24June of ~8lacs. Recommended by Value Research Stock advisory and found their result very good inline with all the news about growing market of optical fibre cables and netwoking services requirements. Once the pledged share are removed I bought them thinking they are at cheap valuation with bright future only time will tell if i am right here.
I am struggling with my portfolio stocks whether to sell them now or hold them to see some upticks and sell them then. Right now these stocks are giving 23lacs losses. Please advise.