Strong performance from KEI

Strong performance from KEI

On 11th September 2017, after a weak Friday, our portfolio bounced back. This time the super star was KEI, this company is in the power cables business, we have been holding this stock since July 2016. It was added into our portfolio when the price was at 128 levels. last week we increased exposure by 1%, through the value addition the current exposure in the stock is 3% on our portfolio.

KEI Logo

KEI is likely to be a big beneficiary of the Governments growth plans. There was news in the media that the company will have  very good FY19 numbers. Not withstanding the news, as we need our system to approve of holding or increasing exposure to any stock in our portfolio, following the result numbers, KEI moved up in our ranking tables.

Gave us permission to add exposure. And today the stock is up 18%, helping us outperform all the benchmarks for the day. The system has allowed us to have higher exposure at the right time. A very good experience being invested in this stock.

 

The profits in the first entry exposure is now tax free as the investment crossed the 1 year mark and along with those gains we have also received dividends from the company.

About Author

Ramesh Sigamani

Ramesh Sigamani

With over 3 decades of experience in capital market investments, Ramesh Sigamani is a trusted Financial Planner par excellence. He works personally with individuals and corporates to build a strong investment portfolio that stands firm against market volatilities and delivers time & time again.

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Comment ( 1 )

  • Ramesh sigamani

    KEI continues to gain, stock price is at ₹406 on 12th Jan 2018. Our average cost of holding is ₹177. We have had a growth of 129% on our investment in KEI, today the stock had close to 10% gains. Future looks bright for the stock with government spends focused to give good growth opportunity for the company’s cables business.

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