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 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.