Hi
My thought on looking your portfolio.
I like this quality company Like HDFC,Hdfcbank,Nesco your PF.
Indiamart: I don’t track.
Why we have many auto ancillary like Minda corp,Jamna Auto,Automotive axles. Why not direct player like Maruti,eicher ,M&M or any one .
Real-estate play since we have nesco(very good company )but then we have more on Sunteck /oberai. Real estate is highly competition and last decade real estate didn’t create return. I see coming decade too situation wont change. Some pocket in india may show grow but overall will be -ve. Until earning and job growth happen real estate sector wont boom.
Hester bio science: constantly promoter disappoint in number and they struggling to grow number. They involve in animal pharma side, Any moat do they have on this specialization?
Also if we see many company last decade , (delta corp,sandhur manganest…etc)even last 5 years-decade they haven’t able to show /generate return sharevalue wise vs sales-profit growth wise. Any specific reason why we have selected ? . TCNS posting very bad result (-ve profit)and borrowing incraesed too recently . How they can pay back ? if they post -ve profit.
Why Airtel and Tata communication? why two in similar business that too they facing brutal competition.
PSU oil company itself trade at single PE. How Hindustan Oil exploration,oil business is boom?.Do they have any moat or advantage
P.S i see some business may not able to turn around due to this covid and many small cap may value eroded due to interest/debtissue/competition/other factors. if we dont know the business in & out and we may eventually lose the value.
Ranjith.S