A sluggish quarter

Tata Communication, Bharti Airtel, Hero Honda and NIIT Technology are at attractive price to buy!

A sluggish quarter – simply put, it was the first quarter of 2010. Sensex moved up just 0.36% and I had a loss of 0.48% during the quarter. At the same time, for the financial year ended 31.3.2010, Sensex gained 80.55% while my equity portfolio gained 95.90%.

During the last three months I made fresh investments in Larsen and Toubro, Piramal Healthcare, Tata Communications, Biocon, Hero Honda and Glenmark Pharma spanning engineering, pharmaceutical, telecommunication and automobile sectors! I offloaded part of Gujarat Gas and L&T pocketing a margin of 96% in an average holding period of 1.5 years!

As on 31st March 2010, my top 5 holdings are in Infosys, Tata Tea, Bharti Airtel, Gujarat Gas and Dabur India which amounts to 57% of total equity portfolio. The one with most unrealized gain is Gujarat Gas with 117% on an average holding period of 23 months and one still in negative is Tata Communication with an average holding period of 3 months.

With the current market price, Tata Communication, Bharti Airtel, Hero Honda and NIIT Technology are at attractive price to buy! Since Telecommunication and IT sector has reached my maximum sector limit in my portfolio, I will be buying Hero Honda next week.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>