Individual PortfoliosShare your investment portfolios in this section. However, if you have a query on any particular stock, it is best to post in the "Individual Stocks" forum.
Portfolio A & B
=========================== Exits:
JSW Steel @713 (Plan to enter at lower levels)
REC @175 (Plan to enter at lower levels)
VST Tillers @508 (Booked profits)
Deep Industries @72 (Booked losses)
Everonn Education @350.65(Booked losses)
Axis Bank @1090 (Minimal profits)
I guess this is a good time to take exposure to IFCI. With consolidated book value per share of 53, the stock is at a deep discount. Banking license and value unlocking in subsidiaries can be boosters. Will hold for medium to long term.
Started the process of shifting stocks to new Demat. Since the new account is in my mother's name, DP transfer won't work. Idea is to sell from my account and will buy back the same from the new account. Hopefully the new account will be ready from Thursday.
Recovered the entire delivery loss through trading in futures. Some major gains were from long on TCS after the 8% fall post results. Also a short on AXIS post results and square off post RBI announcement yielded cool profits.
However, I do understand the huge downside risks too in this. It won't be long before I am caught on the downside in this too. So will be a last few trades before I wind up future trading for the better.
Further Sold:
Mayur Uniquoters @365
Futures : Long Deccan Chronicle-Nov 24 Expiry- 1 Lot (4000 shares) at 47.15.
prudentjee I missed the rally in Opto circuits, thinking why promoters of the company dont have faith in their own? they hold just 28% of shares!!! not a good play for dividend also.
Do you have any price targets for near and long run?
prudentjee I missed the rally in Opto circuits, thinking why promoters of the company dont have faith in their own? they hold just 28% of shares!!! not a good play for dividend also.
Do you have any price targets for near and long run?
Opto has always been very conservative management. The company is on the right growth track expanding in new geographies with more potential ( for e.g. Japan). The Cardiac Sciences acquisition is also falling in place.
With the company announcing 3:10 bonus, even if the company maintains the same dividend in rupee terms, yield will improve.
The medical instruments market is so vast and growing, a player like Opto have sufficient headroom to grow.
Some downside risks are equity dilution from listing of subsidiary and high debt being serviced by Opto (Acquisition funding).
Stock has rallied substantially from 190 levels in last few weeks. Would not recommend a fresh entry at this level.
When you plan for 10+ years, I feel that at least 2 or 3 Large cap stock should be there.
If I were you then I would prefer 5 at least .
The expectations are :
3/4 stocks would go ahead to become multibaggers.
4 would return steady
3/4 would turn bankrupt.
The maximum you can lose on the downside is 100%, but the upside is practically limitless.
If you look at RJ's portfolio he had a large no of bets many of which turned out bogus, but the few winners like Titan, Crisil, Karur Vysya turned out so big that it pretty well covered all failures big time.
The idea is to hold on and get rid of temptation to book profits every now and then. Also over time your dividends earned would also grow to become a substantial cash flow from the portfolio.
The maximum you can lose on the downside is 100%, but the upside is practically limitless.
If you look at RJ's portfolio he had a large no of bets many of which turned out bogus, but the few winners like Titan, Crisil, Karur Vysya turned out so big that it pretty well covered all failures big time.
The idea is to hold on and get rid of temptation to book profits every now and then. Also over time your dividends earned would also grow to become a substantial cash flow from the portfolio.
Well the probability of any stock becoming multibagger is less than 1%. And if you choose 10 out of those 1000s probable candidate, even if we take the bias towards selecting good one, the net probability of earning anything from the portfolio is very less.
If i were you, I would have put not significant amount in this kind of portfolio and would have built a portfolio with large caps only for long term to get 15% return at max YoY basis.
What exactly is a multibagger - I have heard this term a couple of times over the last 3-4 years. Every time I google for this term, the only things I find are tons of Indian sites referring to different stocks as multibaggers with no explanation as to what the term means. I assuming this term was concocted by one of the Indian TV pundits - so someone tell me what this means.
Well the probability of any stock becoming multibagger is less than 1%. And if you choose 10 out of those 1000s probable candidate, even if we take the bias towards selecting good one, the net probability of earning anything from the portfolio is very less.
If i were you, I would have put not significant amount in this kind of portfolio and would have built a portfolio with largecaps only for long term to get 15% return at max YoY basis.
I think you are confused with a so called definition of multibaggers. A stock which can return mutiple times from it's base price.
Consider this : Mayur Uniquoters, was quoting 3.15 Rs on 15-02-2002 (adjusted for splits and bonus.
Today it is quoting at 403.35, a rise of 12850.79% over last 10 years, or in other words a 128 bagger.
Had one invested 10,000 Rs in 2002, it would be worth 12,80,000 today.
Now consider you have avoided a petty small cap and invested in HUL.
HUL was quoting at 235.20 and now it is quoting at 393.80. A mere return of 64% only in last 10 years.
Of course there were dividend returns from HUL, but one can see the huge difference.
In effect only quality mid caps move on to become large caps, and the safe large caps you are willing to bet your money on were mid caps at some other time.
The point, like shown above, even if one turns out good, like Mayur, a mere 10% of a 1L portfolio yielded 12.8 lakhs. Had all the other 9 gone bust, still the investor would have made 12 times money in 10 years.
I agree that risk is huge, but that's why one needs to be cautious in selecting the companies.
What exactly is a multibagger - I have heard this term a couple of times over the last 3-4 years. Every time I google for this term, the only things I find are tons of Indian sites referring to different stocks as multibaggers with no explanation as to what the term means. I assuming this term was concocted by one of the Indian TV pundits - so someone tell me what this means.
The word multibagger was widely used by the maestro Peter Lynch in his book "One Up On Wall Street".
In simple words a multibagger is one, where the stocks has multiplied several times over from your base investment price.
So if a 100 rupees invested in a stock becomes 300 , so that's a 3-bagger.
The point, like shown above, even if one turns out good, like Mayur, a mere 10% of a 1L portfolio yielded 12.8 lakhs. Had all the other 9 gone bust, still the investor would have made 12 times money in 10 years.
I agree that risk is huge, but that's why one needs to be cautious in selecting the companies.
The biggest problem with this is that it would be very very difficult to keep yourself from selling the stock when it doubles or triples in value. Almost nobody who bought the stock at that price would have kept that stock till became 12X unless they were somehow related with that company.
The biggest problem with this is that it would be very very difficult to keep yourself from selling the stock when it doubles or triples in value. Almost nobody who bought the stock at that price would have kept that stock till became 12X unless they were somehow related with that company.
I would say almost impossible. A lot of companies who were hot favorites of investors a decade back, aren't around anymore. So to hold on to a penny stock over a decade is almost impossible.
Only the Levers and Nestles are passed on to generations who hold them forever.
The magic of a Rakesh Jhunjhunwala or Warren Buffet for that matter is not only their stock pics but conviction to hold on to those bets for very very long period of time.
The last financial year has been quite dull, with markets returning negative. The pain was even more on small caps and mid caps.
However, as Prashant Jain of HDFC points out, a long term investor should be very happy with these kind of phases, as he accumulated more shares at low prices over a period of time.
Portfolio Performances:
A) Father_PF: the main portfolio, as discussed a few posts above, divided into a core and satellite. Able to restrict the downside better
B) Brother_PF : sold out a lot of laggards. Post restructuring the portfolio is back on track.
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) from the market.
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