My portfolio lost 3.15% in the last week, the biggest weekly loss in over a year. BSE Sensex lost 4.22% and NSE Nifty 4.23%. The loss in the month to date for Sensex is 8.04%, for Nifty 7.82% and for my portfolio 4.79%. Inflation continued to be the major news that affected the market negatively.
Zensar Technology, NIIT Technology and Bharti Airtel gained 1% to 4% while TIL, L&T, GAIL and Reliance lost 6% to 8%. I bought Tech Mahindra, Zensar Technology and Clariant Chemicals in the last week.
The market may go up or down J , but what an investor should do is use the opportunity to buy good companies at a better price. Keep buying, slow and steady.
Good buys in my watch list
|Company||Sector||3 Years Target||Current Price||Expected Margin|
|Swaraj Engines||Auto Ancil||850.00||471.65||80%|
I will be buying all of the above in small quantities in the coming week. All of them are already in my portfolio. Even though it is advised to diversify into multiple companies, it is better to keep within a manageable numbers. I have 33 companies at present, but would bring it down to 30 as soon as I get an opportunity to sell some of them at a good price.