Following points makes me feel its real
Policy announcement on future handling of investments
Market didn’t like its PC Jeweler investment(Personally I’m not sure if it was good/bad)
Sales in Kendra is being questioned as abnormal but 1.2Lk/month sales is nominal, to me it should go up to 2Lk/store/month
Computer Purchase is also questioned based on no of employees. I think Vakrangee buys and gives Computers/Printers to Franchise for the investment they make.
I do not track the stocks you have mentioned. But I think it is a risky strategy to have 5 out of 7 stocks in your portfolio as cyclicals and one with questionable management integrity(I meant vakrangee here, but yes bank have been found to be aggressive in classifying NPAs as well. I still find this to be among the best private sector banks ). Unless you are an expert in cyclical play, I would suggest to have no more than 20% of your total portfolio at any given time in cyclicals. If you do not know already, there is a separate thread to play cyclicals which I recommend you to follow.
Thanks, Sure will through the cyclical thread.As of now couldnt find better opportunities.Will switch if needed after results and better ones found. Agree Vakrangee management were involved in some misdoings a decade back looks they have changed and doing better. Anyways no sentiments attached to any stock will cut off whenever needed. Thanks for ur views.