Porinju Veliyath’s portfolio: Top stocks that helped this maverick make 42% return

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Pee Vee
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Porinju Veliyath’s portfolio: Top stocks that helped this maverick make 42% return

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Porinju Veliyath does not need introduction. A Sebi-registered portfolio manager, who has been surprising Dalal Street with his portfolio of stocks that has consistently outshone benchmark indices, and with a huge margin!

Veliyath's recent stock picks or recommendations such as Cimmco, BBTC and Bengal & Assam Company have seen strong rallies. The smallcap czar has a hold on the market that made him go bullish on Nifty50 when the market was fearing wrath of global uncertainties, six months ago. Today, those fears have vanished and benchmark indices are at new highs.

“No sensible person, other than a day-trader, can become bearish. As investors, we should remember that India is just a $2 trillion dollar-economy. It has to grow, there is no choice! That, eventually, will reflect in the wealth creation by smart investors and entrepreneurs. It is very unfortunate that many active traders or market participants, are focussing on less important, insignificant technical aspects. They often miss out on the big picture,” Veliyath of Equity Intelligence India said.

So how did Veliyath generate 42 per cent return on his portfolio (against Sensex's 17 per cent), in a year when finding fundamentally good stocks at decent valuations was nearly impossible?

In an interview with ET Now, Veliyath said that stocks like Biocon, Jubilant Life Science and L&T Foods, besides the likes of HSIL, TCI Express boosted his portfolio returns.

“Biocon was one of the main stocks. Even Jubilant Life Sciences and LT Foods contributed. We have a lot of stocks. We are not only invested in small and midcaps. We usually have 10-12 stocks in a portfolio. Because as the target has been rising, we have widened our portfolio to 40-45 stocks. Most of the stocks are doing very well,” Veliyath pointed out.

Biocon has soared 135 per cent over the past one year. Jubilant Life Sciences (up 92 per cent), LT Foods (195 per cent) have rallied up to 195 per cent, HSIL has gained 23 per cent, while TCI Express, the demerged division of TCI has added 38 per cent in the past quarter.

Recently, he bought Cimmco and the stock rallied from sub-Rs 60 level to Rs 100 level. However, the scrip fell in three sessions to Friday.

On December 28, he recommended Bombay Burmah Trading Corporation (BBTC) and Bengal & Assam Company. These stocks are up 66 per cent and 67.73 per cent, respectively, this calendar.

http://economictimes.indiatimes.com/mar ... 935843.cms
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