BravisaTempletree added HDFC AMC to our portfolio of India Top 30 stocks in June 2019, today this investment just crossed 1 Crore mark. In 120 days 64 lakhs goes on to become 1 crore. The gains made in this position gives me the first signs that our market has revived from its bear hug. Feels like the return of good old bull market days of 2014-17. Brings confidence that, the next leg of top performance against all other investment portfolios like we had done in 2017 has begun.
As HDFC AMC leads the pack of gains this season, we are having stocks like Bajaj Finance, Bata, SBI Life, Avaas Financier, KEI kind of stocks supporting with good gains building up in their positions. Both SENSEX and NIFTY are reaching for their all time high levels, now the tide is changing. In the last 2 years a handful of stocks were leading the markets upwards bringing confusion in the minds of investors as to why their investments have not gone up, where as the market is going up.
Now, it is time for the SENSEX and NIFTY to cool off while the broad markets will take a lead. Already in the couple of past sessions we have seen big traction in price moves of Mid & Small cap universe. Even today as I write this small note, NIFTY and SENSEX are down, while both Mid and Small caps are up. Infosys, which was the Gold Standard of India’s corporate world got mired into problems, today a whistle blower letter indication discrepancies in their accounts has tanked the stock 13%.
Showing that one day like how a bad market can revive to good times, some good also can go down. Being in the market, we should not worry about all these issues. If we have a process and follow it with discipline, we will not be caught in any of these challenges.
In our experience, we have not had any of the bad names of the resent season in our portfolios. DHFL was there with us 3 years back. At that time company was growing we made our share and got out with 100 plus percent gains. INFY, was out of our radar in 2013. Same stories for many stocks that have lost more than 50 to 90% in the recent meltdown in our markets.
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