Following the increase in Oil prices, stocks of companies in the Oil Drilling business are doing good in falling markets. Our research application had helped us in investing into some of the leaders in this sector. Our holdings in Alphageo, ABAN, CAIRN & Deep Industries have all gained more than 15% from our entry levels, and this has come through in a falling market, which has taken a breather following the demonetization of higher value currencies.
Having these stocks in portfolio and their gains are helping us out perform the benchmarks on a regular basis. As we write this, the broad markets are down 0.64%, while our portfolio is down 0.32%. For a portfolio that is having a 1.32 beta, this phenomenon is a rare occurrence, showing us the strength of the research behind our stock selection.
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