Stock of the month was Tata Steel
as I see it can result into a great money spinner on the back of Steel cycle as I see European part doing well in this coming quarter result next week. I have reduced JSPL
due to recent corporate governance issue cropping up. Now the Management is trying to be fair by organising a competitive bidding of Jindal Power Ltd , Still I have postponed complete exit for a month. I have added NMDC
small quantity this month.
I turned bullish on Textile
sector as I find that the structural shift from China to other nations including India hence I have initiated positions in a small cap company operating in spinning yarn and Technical textile and one of the market leader in spinning yarns. These 2 stocks are for medium term hold for now. Whereas I have increased my holdings in 2 Home Textile companies including Indo Count
as they have a slightly long runway.
I have already explained why I am bullish and street may be wrong about Affle
in the video as I am waiting for Q1 results of Affle as there is not much public information available on Phonepe dispute. My conviction in the stock is unmoved.
I have added Dhampur Sugar
as the Sugar story has been going stronger due to Ethanol push by govt./Ministers and falling production of sugar at Brazil. I have increased allocation to Fertiliser stocks Chambal
& a midcap Chemical + Fertiliser co as subsidies have significantly reduced and they will start with a leaner balance sheet this year. Rest of the untouched business are mostly compounding machines such as Alkyl Amines, Bajaj Finance, Kotak Mahindra Bank, HDFC Bank.
I have completely sold IGL
as I think Gujarat Gas
are better placed.