Amateur investor. Enjoy sharing thoughts on investing, personal finance and more. Not here to sell anything. Views are personal and are not recommendations.
Not here to counter anyone's opinion. I'm staying invested in ITC. It's for each one to decide what he should do. My style is if I don't like a company I own, I would simply sell. I'm not an activist investor interested in mobilising opinion. I'm an ordinary minority shareholder.
Titan is major contributor for Rakesh Jhunjhunwala's wealth. Imagine holding Titan from 2001 to till date. Read the company's history. Understand the obstacles they faced. See the lack of stock price movement for long time. You would then realise what journey RJ would have taken.
During the 12 year period, from 2004 to 2015, Lupin price did not move for a 6 year period. They are January 2004 to March 2008, December 2010 to March 2013 and April 2015 to October 2015. But it did so well in the balance period, that 12 year annualised return was a whopping 33%
Markets are highly efficient. Videocon is in upper circuit today. Just few days ago, DHFL was in upper circuit.
Vakrangee was a multibagger year after year for many years. No good mutual fund worth it's name touched the stock. Mutual funds too do mistakes. But when they themselves avoid some counters, learn to read and understand their actions.
I prefer Pidilite.
Own only one Tata company, Titan. Under Chandra, all Tata companies are going to reach phenomenal heights in the years to come.
Have a friend whose 6 stock portfolio is worth millions of dollars: Bajaj Finserve HDFC Life Titan Tata Consumer ITC Diageo India
Have a friend whose stock portfolio is worth millions of dollars consisting of just following 6 stocks: Bajaj Finserve Tata Consumer ITC Titan Diageo India Nestle India
Hypothetical: If asked to choose 6 wonderful businesses as per Buffett: Diageo India, Nestle, Titan, ITC, Pidilite and HDFC Life. If asked to choose 3 wonderful businesses as per Munger: ITC, Diageo India and Titan. If only one wonderful business can be chosen: Titan
I like to own 12 companies. Moving towards it. Someone recently, for discussion sake asked me, if I'm allowed to own only own business out the 8, what that would be? My answer: Titan
No longer own lenders. Owned HDFC Bank for close to a decade. Prior to that, held City Union Bank for around 7 years. My universe to choose lenders were limited to only four: HDFC Bank Kotak Bank Bajaj Finance City Union Bank
Some companies I track are: Marico Dabur Relaxo Voltas Tata Consumer ICICI Lombard Havells United Breweries Whirlpool CRISIL Asian Paints Berger Paints
My stocks portfolio (in alphabetical order). Diageo India HDFC Life ITC Johnson Controls Hitachi India Nestle India Pidilite P&G Hygiene Titan 8 companies for now. May make it 12 over a period. 9th company is likely to be NSE, if and when it gets listed.
Same stock, Pidilite can give different results to you and me. It all depends on average acquisition price and holding period. I share my portfolio not for you to follow but to convey my skin in the game.
It's in public domain. But don't follow blindly. I started buying Pidilite when it was couple of hundred rupees. My average cost, in general is very less. ITC and Diageo India, I've bought sizeably even during their life time lows.
Investment hypothesis on ITC remains unchanged. Believe in next 3 years, FMCG EBITDA margins can be mid teens leading to significant rerating. Any other activities like demerger or spinioffs would create huge value. ITC would test patience but would definitely reward. Give time.
Please read a lot. So much public information is available about Pidilite. Great business with a great management.
You @Diageo_News have changed United Spirits as Diageo India in all communications. What is pending is official name change and communication to stock exchanges. Change USL to Diageo India so that ghosts of Mallya is buried once for all.
ITC's time will definitely come. When FMCG EBITDA margin goes to mid teen, all businesses would be self sustaining. This would lead to rerating. If demerger happens, it would create huge value. May need to wait for 2 or 3 years, but the reward would be worth it. I stay invested.