Porinju Veliyath Latest Buys and Sells

Here we track the latest buys and sales and portfolios of famous investors
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Pee Vee
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Joined: Mon Dec 26, 2016 10:45 pm

Porinju Veliyath Latest Buys and Sells

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Porinju said he had holding in Balaji Amines earlier but has exited the stock now. Hold high-quality stocks ITC, Kaya in portfolio. Next cycle starting for quality investable small & midcap stocks.

Porinju said he believes it is an ideal time to explore new values in small & midcap stocks. Improvement in corporate governance is the best theme for India, but that doesn't mean buy any "Chor" cos

He advised that investors must look at medium quality cos in the mid & small caps. Would prefer Federal Bank in banking space; bought stock after sell-off. IDFC Bank-Capital First can be looked at in the banking space he said.

Porinju revealed his preference for IDFC and Capital First, which are headed for a merger, and Federal Bank.

"We have exposure in Federal Bank. Recently, we bought it after the big sell-off," Porinju said.

India has only around 1,000 companies with investible quality companies. You have to choose from these 15-20 companies. So, that is call stock picking. I think this is a wonderful opportunity to ignore the so-called highest quality large caps and come to mid and small caps

He made a pitch for medium quality midcap and smallcap companies with a relevant business model and decent growth prospects. His estimate is that these companies may be offering a PE of 10 or 15, or even single-digit after the sell-off, but these are the ones one can rely on.

https://economictimes.indiatimes.com/ma ... 353179.cms
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