Shyam Sekhar Latest portfolio of multibagger stocks

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Pee Vee
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Shyam Sekhar Latest portfolio of multibagger stocks

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Shyam Sekhar has been active on Dalal Street since 1990, and he loves to spot quality businesses more as a passion than a way of making money.

Some of his value picks have given multibagger returns over the past decade.

Some of his early stock pick include Hatsun Agro, KRBL and Pidilite Industries; stocks he has been holding for more than a decade now.

KRBLis up nearly 7,500 per cent in last 10 years; Hatsun Agro 5,250 per cent and Pidilite 900 per cent. He bought KRBL first a decade ago and raised his holdings further in 2012.

He has also been holding Cera Sanitaryware and Jayant Agro Organics for last eight years and La Opala Glass for six. Shares of Cera Sanitaryware have climbed nearly 4,400 per cent in last eight years to close at Rs 3,219 on October 13, 2017, rising from Rs 70 on October 17, 2011. Jayant Agro has climbed over 1,100 per cent in last eight years, while La Opala RG is up 2,000 per cent in six years.

“Profitability, sustainability, management commitment and corporate governance are first things I focus on to spot a quality stock,” says Sekhar.

He admits stock spotting is not as easy as it may sound and there is no particular way of intentionally discovering them.

Intuition often works. Sekhar’s wisdom from two decades: “Learn to be intuitive and practise thinking counter-intuitively. Both need years of practice and are deeply personal pursuits. It helps when you have to stand alone. Never become too close to corporate managements or fall too much in love with a business,”

And then comes a point when he gives it all away. “I started using Michael E Porter’s framework for stock picking in 1992. This lateral use of a business management tool in investing has stood me well over the past 25 years.”

American academic and economist Porter is known for his generic strategies that describe how a company pursues competitive advantage across its chosen market scope.

Sekhar also follows Philip Fisher’s style of investing and has been deeply influenced by Walter Schloss, the man with years of practice in investing in small and micro-cap stocks.

Fisher belongs to the league of those very few super investors who have shaped ace investor Warren Buffett’s investing style. American investor Schloss is a well-regarded as a value investor and a notable disciple of the Benjamin Graham school of investing

Investment style is important to Sekhar. “I lost a decade trying to decide which style suits me,” he confesses.

Shyam Sekhar, who started investing in stocks from the day he was out of college at the age of 21, has a habit of poring over annual reports of companies. He gets over 500 of them, and reads most of them.

In 2009, he started ithought, a personal finance company that advises clients on end-to-end personal finance needs with domain specialisation in financial planning, equity research, fund research and investment strategy.

“At ithought, we follow a unique investment model which is dynamic, personalised and forward looking. My personal learnings have been incorporated to make ithought a process-oriented and delivery-centric model,” he says

Steel, niche tech and pharma look attractively valued from a contrarian viewpoint, he says, adding he was still studying these businesses and it is premature to name any stock.

https://economictimes.indiatimes.com/ma ... 180899.cms
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