Beating the benchmarks continuously

We had another good day for our portfolio today. After having very strong gains from our portfolio stocks which has been giving us the edge to out perform the benchmarks on a continuous basis, today again we managed to hold strength.

SENSEX was down 0.36%, MidCap was flat & Small caps managed a positive close of 0.36%. Our portfolio managed a 0.30% positive close today. As we are holding just above 20% of our capital in cash, it has been a good number for the day.

Edelweiss Logo

Stars for the day are Edelweiss with close to 5% gain and Zuari with a near 7% gain. Zuari has 1% capital exposure and is a fairly recent entrant while Edelweiss has been there in our portfolio since last year. Hence on the value terms Edelweiss has topped for us today. We do have a couple of under performers in our portfolio like Vijaya Bank which had lost 5% today & has given a total loss of 30% so far, having been one of our very poor holdings, while we are holding this stock as its balance sheet numbers were good and that is the reason this stock qualified its entry into our ranking tables. Himadri followed with a 3% loss for the day, while this stock has had a good run up, so, giving back small gains is normal.

Print

In spite of tensions across the globe due to the nuclear face off by North Korea, where the global equities took a hit, our portfolio has been standing strong. Works around the thought that, there is good flow of money into the market and all that money is chasing quality stocks.

Sectors that have been doing good in the markets now are Home construction, Cement, housing finance & NBFC’s. As we have good amount of exposure in all these sectors and not have any of the weak sectors in our portfolio, our performance is great.

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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