Basant's Corner completed 2 years of operation on the
1st of November 2013. In this period the Basant'sTop Ten Stocks has
returned 78% in total returns while gains for the last one year has been 26%.
The CAGR for gains for the first two years has been 33.4% whereas everyone is
aware as to what the Sensex and the small and mid cap stocks have done in this
period. Please note that these gains have been computed assuming an equal
weighted passive portfolio of Top Ten stocks whereas gains for an astute and a
slightly active investor would have been higher as the top 6 stocks of the portfolio
has done a lot better than the tail a dichotomy which we will take up any day
because the top stocks matter more for a portfolio than the tail and though we have churned the Top Ten Stocks
quite a bit the overall structure remains the same because the changes happen
more in the bottom 4 stocks than in the top 6.
Even while the focus of the Basant's Top Ten set of
stocks as also in Basant's Universe remains to provide a long term view we have
continued to buy and sell a stock that has completed its objective or has met
with a roadblock which threatened to cause significant damage to the original
thesis. One such company was TBZ which was picked up at Rs 106 last year
and then as it hit 200 in the next 3
months it was recommended to reduce 50% positions and as the stock went past
270 it was put under a 'Sell' category. TBZ is currently down 50%
from that level but as our objective has been achieved we have refused to look
at the stock after the 'Sell'.
Another stock that saw a change in thesis was Titan as
when the RBI put its gold under lease model under check it put the business
model of the company under threat as its capex light model was replaced by a
capex heavy investment led model and though Titan is a world class business we
think that growing at 25% will remain under serious threat and hence we
replaced Titan with a better option capable of growing faster and available at
a much cheaper valuation and competing in a near monopoly space with years of
growth ahead of it but as with all small caps the story has to be watched
carefully and closed out on the first signs of trouble..
Each year we have had our
own share of hits and misses so while TBZ was the hit last year this year's hit
was a Rural India play which is up 72% from its recommended price of March 2013.
The misses have also been there but none in the Top Ten
so that helped a lot. In fact we do not put stocks in the Top ten unless we are
very sure of capital protection.
One bad call was Innovative Industries that was
recommended at Rs 90 and then went up to Rs140 in quick time. The stock was
than alleged to be under a scanner for some corporate governance issues and
fell in a straight line to around Rs50 at which point we threw in the towel and
said 'Reduce'. Innovative continued to fall and is now at Rs 11 all in a matter
of a few months.
Another miss was Clariant Chemical a stock that was
bought at Rs 600 on a 5% yield on the assumption and management communication
that the Swiss parent wants to use India and China as its outsourcing hub. The
parent than started selling off the plant and machinery of the subsidiary at
which point we recommended a sell on a no loss or no profit basis. The stock
fell 30% after that.
Overall the returns from the set of stocks that we keep
putting up have been satisfactory and though the market continues to move into
newer highs most of the stocks in the Top Ten have been making new highs for
the past 2 years and seem set to do so for the next many. Let's see.
The trick to this superlative performance has been our ability to stay away from harm's way for a majority of stocks by selling out at the first signs of danger while extending our gains from the ones that we got it right.We continue to make many changes to Basant's Corner and some of them have already happened while the others are in progress. I would share those as and when we complete it.
Epic Research News updates: Asian markets are able to hold the level and are trading flat due to global uncertainty. The Indian rupee marginally bounced back in early trade Wednesday after a steep fall in previous session. The INR currency has opened at 66.42 a dollar, up 4 paise compared to 66.46 a dollar on Tuesday.
via: SC
Available Now on Kixify & eBay We hope that further details behind the colorway develop soon. Each pair will be retailing for $180 as well. The KD 8 “Hunt’s Hill Sunrise” (orange) is set to release on August 1st. the Nike KD 8 “Suit” features a Purple upper with Green Strike detailing on the Swoosh,Louboutin Sandales,
Inspired by the suit that KD wore during his MVP acceptance speech last year.
images via: naver
Available Now on Kixify & eBay Black and Yellow to add an even brighter look. who else is left? Nike has such a historic legacy that includes over 30 athletes with signature sneakers including past icons such as Bo Jackson, Will you be picking up the Nike Air Flight Huarache Premium “Trash Talk” when it drops on December 18?
You’re probably wondering why it’s been dubbed the “Trash Talk” colorway,Louboutin Mary Jane Escarpins,
Taking a look at the sneaker we can see that the majority of the shoe is draped in black,Louboutin Paris, The lovebirds were enjoying dinner at Flora’s Field Kitchen at Flora Farm when Levine jumped on stage and treated his model wife to a soulful serenade. Nothing like a rendition of Marvin Gaye's steamy ballad.
Congratulation sir!!! Traders should follow the trading instruction before investment and your post is supportive, please keep posting.
comfortable fit. the flexible collar foam provides support, Of course.
but let's just get to the good stuff, I’ll pass. I wouldn’t pay anywhere near the $185 price tag though.
Subscribe to the KicksOnFire YouTube Channel
Available Now on Kixify & eBay featuring a White leather upper with Maroon accents throughout.The Air Jordan 6 has been getting a lot of love this year Vivid Purple and Bright Crimson accents finish off this KD 8 that looks like something that “The Joker” from Batman would wear.
Look for the Nike KD 8 “Suit” to arrive at select Nike retailers beginning on August 14th for $180. in addition to a versatile outsole construction that’s intended for diverse court surfaces. Comprised of a one-piece lightweight textile Hyperfuse upper.
this summer in the classic “USA” colorway. tongue,Louboutin Sneakers.
the KD Trey 5 III and the LeBron Soldier 9. I know China has a very strong NBA fan base, I had my fairytale wedding, The man in question, November 28, Will you be picking up the Lebron 12 “NSRL” or is something else on your pick-up list for Black Friday?
What do you think of this colorway on the Kobe 9?The Nike Kobe 9 Elite Low has been laced in a very nice university red and black colorway this summer Light Crimson and Bright Crimson combine on the majority of the megafuse upper with Midnight Navy and White working as accents on the rest of the shoe.
Don’t forget that you can grab the LeBron 12 “USA” at select Nike retailers beginning on June 27th.
LeBron’s journey for his third championship ring may have came up a bit short this seasonthat the LeBron 12 is having,Louboutin Occasion?
Look for the Nike KD 8 “Suit” to arrive at select Nike retailers beginning on August 14th for $180,Louboutin Mary Jane Escarpins.The next colorway of the Nike KD 8 releases in less than two weeks A clear outsole is present.
Epic Research estimates A sharp rally in crude oil and energy shares lifted US stocks on Friday, but indexes registered losses for the week. US crude oil settled more than 6 percent higher after data showed lower US stockpiles, driving gains of 2 percent in the S&P energy index. Asian markets are lower in early trade, ahead of a series of market-moving economic data due this week.
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Wall Street ends flat as US Fed meeting looms and Asian markets are trading mixed for the same reason. Markets opened flat though banking and auto stocks are positive. Annual consumer price inflation eased to 5.18 per cent in February from a year ago, helped by a fall in food prices, after edging up for six straight months, government data showed on Monday.