One third of the year 2010 passed without much excitement in the market. Stock market in India was dull during the first four months of 2010 which saw a gain of mere 0.54% in the BSE Sensex and 1.48% in NSE Nifty.
I managed a gain of 2.92% to date this year and maintained my record of beating the market even if it is a nominal gain. Which stocks helped me to beat the market this year? Piramal Healthcare which I bought towards end of January gave me a return of 54%. Piramal Healthcare constitutes 4.7% in my Indian equity portfolio. The other companies in my portfolio that gained most in the last four months are Gujarat Gas (23%), Dabur India (13%), and Tata Tea (12%). But of course it was not only gainers league. The stocks that dragged me down are Suzlon Energy (-24%), Tata Communications (-19%), NTPC (-12%), Bharti Airtel (-9%). Bharti Airtel constitutes 9% in my portfolio. Hope these will be contributing towards gain in coming months!
In my watch list, Bharti Airtel (Current Price: 298.40 – Target Price: 529.00) and Tata Communications (Current Price: 270.95 – Target Price: 484.00) in Telecom sector, Hero Honda (Current Price: 1,904.95 – Target Price: 2,943.00) in Automobile sector, Crompton Greaves (Current Price: 263.50 – Target Price: 394.00) in Engineering, and Cadila Healthcare (Current Price: 564.50 – Target Price: 818.00) are the good buys.
Top 5 in my equity portfolio
| Company |
Sector |
% of Total Value |
| Infosys |
IT |
20% |
| Tata Tea |
FMCG |
12% |
| Bharti Airtel |
Telecom |
9% |
| Dabur India |
FMCG |
7% |
| Gujarat Fas |
Energy |
7% |
Shares I bought in April 2010
| Company |
Price |
| Hero Honda |
1,967.65 |
Most gain (absolute)
| Company |
% Gain |
Average period of holding |
| Gujarat Gas |
130% |
2.5 Years |
| Dabur India |
127% |
3 Years |
| Tata Tea |
98% |
1.5 Years |
| Suzlon Energy |
77% |
1.5 Years |
| Infosys |
64% |
2.5 Years |
BSE Sensex lost 3.5% and NSE Nifty 3.63% while my portfolio lost 2.68% during the month of May 2010. The major gainers in my portfolio were Berger Paints and Tata Tea and major losers Suzlon Energy, Bharti Airtel and Tata Communications. The unexpected loss reported for the last quarter and its heavy debts caused crash in price of Suzlon Energy. It has been taking measures to reduce its debts for sometimes now. Tight competition, recent TRAI recommendation to charge for excess 2G spectrum, heavy 3G auction amount – it was all bad news for Telecom sector and it affected Bharti Airtel which is a major constituent in my portfolio. Going forward, a turn around is expected in Bharti Airtel due to its positive outlook in the long run.
