Free portfolio update and Important Changes

adminFree Stock Ideas1 Comment

Its been sometime that we had created two free portfolios for our readers.

We kept sitting tight and kept tracking the stocks and feel now time has come to take some actions on them.

Before getting into the action points we would like to take our readers through some important salient points in details.

Stable Portfolio Details:

Portfolio Returns:

Stocks Reco Date Reco Price Dividend CMP Profit/Loss % Holding Period (months)
Selan Exploration 14.1.2016 168 5 206.65 26.0 9
Pokarna Ltd 18.1.2016 697 3 774 11.5 9
Good Luck Steel 21.1.2016 87.7 3 114.7 34.2 8.5
Steel Strip Wheels 23.1.2016 316 3 753.45 139.4 8.5
Raunaq EPC 25.1.2016 95 1.2 155 64.4 8.5
Shivalik Rasayan 28.1.2016 84.8 195.4 130.4 8.5
Inox Wind 1.3.2016 220 225.4 2.5 6
Indo Borax 9.3.2016 290 1.5 296 2.6 6
Average Return  51.4 % 8 months

*All data calculated as on 10.10.2016 closing prices 

Salient Points:

  • 4% return on portfolio for average holding period of 8 months
  • 2 stocks more than doubled
  • 2 stocks giving returns more than 30%
  • 1 stock ( Inox Wind) failed to live up to the investment
  • No stock is at loss

We keep our highest conviction ideas for our paid members.

Click Here To Know More About Paid Plan. Ride2Rich is Fastest Growing SEBI registered Investment Advisory Service.

Cutting out weeds!

Sell out Pokarna at CMP : Though the business is doing well, and the investment hypothesis, betting on Quartz growth playing out as expected, due to fast growth company fast reached  it utilization levels to 80-85%. So, in next one or two quarter company will again need to incur capex to expand their capacity. Though company has reduced some debt but this may mean again getting into the debt trap. Also as per our understanding market overlooked the fast growth of the company owing to its high debt level. So, going ahead increase in debt may not augur well for the company. So, we take the decision to sell out. This call stands closed from now.

Sell out Inox Wind at CMP:  Though for two quarters after buying growth came in as expected, but management came up with unpleasant surprises every quarter. The first was about under performance from guided levels, second was about piling up receivables. In Q1 growth only got subdued. So, for this call our investment hypothesis didn’t work out and the margin of safety that we could build in the buying price is helping us exit in no loss. This call stands closed from now.

Adding new stocks:

In place of the two exits one can look at adding the following stocks. From now on we will consider the new additions as part of our Stable Portfolio at CMP.

  1. Indo Count Industries ( Click on the stock name for research report)
  2. BEL ( Click on the stock name for the research report)
  3. NBCC ( Click on the stock name for the research report)

We keep our highest conviction ideas for our paid members.

Click Here To Know More About Paid Plan. Ride2Rich is Fastest Growing SEBI registered Investment Advisory Service.

Aggressive Portfolio Details 

Returns:

Stocks Reco Date Reco Price Dividend CMP Profit/Loss % Holding Period (months)
Indian Acrylics 03.02.2016 11.2 22.15 98 8
Choksi Imaging 11.03.2016 30.7 1 32.6 9 8
Keerthi Industries 15.03.2016 136 157(closed) 23 3.5
Cosyn 30.3.2016 42 53.2 150 7
Specialty Restaurants 17.04.2016 94.6 88 -7 6
Average 54.6 6.5 months

*All data calculated as on 10.10.2016 closing prices 

Returns:

  • 6% return on the portfolio for an average holding period on 6 and half months
  • One stock has given 1.5x returns in 7 months
  • One more stock almost doubled
  • One stock is in red

We keep our highest conviction ideas for our paid members.

Click Here To Know More About Paid Plan. Ride2Rich is Fastest Growing SEBI registered Investment Advisory Service.

Adding new stock to aggressive portfolio:

We will add up the following stock in our aggressive portfolio and from now on we will consider this as part of our portfolio. We are buying at higher price than what we are comfortable with, so we will average aggressively as and when it drops. So, please manage your allocation accordingly.

  1. Valiant Communication ( Click on the stock name to read the research report)

No other changes in aggressive portfolio.

Wish you all a happy ride to riches 🙂 and very happy festive season.

We keep our highest conviction ideas for our paid members

Click Here To Know More About Paid Plan. Ride2Rich is Fastest Growing SEBI registered Investment Advisory Service.

Disclosure: At the time of writing the report the Analyst is either invested or interested in most of the stocks discussed. So, might have vested interest. 

One Comment on “Free portfolio update and Important Changes”

Leave a Reply

Your email address will not be published. Required fields are marked *