Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

F&O Cues: Key support & resistance levels for Nifty 50

F&O Cues: Key support & resistance levels for Nifty 50
by 5paisa Research Team 03/11/2021

For trade on November 3, Nifty F&O action shows 17,500 will act as key support while 18,000 will now be a strong resistance.

Nifty after showing a spectacular gain on Monday’s trading session cooled off on Tuesday’s trade. It closed 40 points lower in yesterday’s trade. Nevertheless, the broader market and banking sector outperformed as Nifty Midcap was up by 0.83% while the banking name such as RBL gained in double-digit and overall banking index was up by 0.44%. Nifty 50 opened on a positive note yesterday, however soon it fell in the early part of the trade and continued sideways for the remaining part of the day.

Activity on the F&O market for the weekly expiry on November 3, 2021, shows 18,000 will now act as strong resistance. The highest call option open interest (1,90,549) stood at this strike price. It shed 64552 contracts in yesterday’s trade which shows that call writers are nearly sure that the market will close below this level in today’s trade. The next highest call option open interest stands at 18,200 where total open interest stood at 1,38,200. Almost 40,000 open interest was added at a strike price of 18,200.

In terms of put activity that will give a sense of support, the highest put writing was seen at a strike price of 17500 (74,680 contracts added on November 02), followed by 17,700 (68,987 contracts added on November 01), while there was put unwinding at strike price 16800 (20554 contracts shed), followed by 17,800 (15,821 contracts shed).

Highest total put open interest (74,680) stood at a strike price of 17,500. This is followed by a strike price of 17,700, which saw a total put option open interest of 68,987 contracts.

Following table shows the difference between call and put options at a strike price near to max pain of 17900.
 

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,600.00  

4321  

59253  

54932  

17,700.00  

17354  

68987  

51633  

17,800.00  

26686  

67956  

41270  

17900  

62572  

48322  

-14250  

18,000.00  

190549  

45156  

-145393  

18,100.00  

105776  

5228  

-100548  

18,200.00  

138200  

6957  

-131243  

The Nifty 50 put call ratio (PCR) closed at 0.55 worse than 0.72 in the last trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish. 

Following table shows the participant wise action of key players on the index options front.

   

Index Put Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 02 2021  

Nov 01 2021  

Oct 29 2021  

Client  

-14962  

-4.93%  

-318531  

-303569  

-335526  

Pro  

-4197  

-7.78%  

49755  

53952  

84353  

DII  

2000  

4.88%  

43014  

41014  

37014  

FII  

17159  

8.23%  

225761  

208602  

214159  

*Change from Previous Day  

   

   

   

   

   

   

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 02 2021  

Nov 01 2021  

Oct 29 2021  

Client  

140467  

1666.28%  

148897  

8430  

157890  

Pro  

-114613  

-141.39%  

-195673  

-81060  

-188121  

DII  

0  

0.00%  

401  

401  

401  

FII  

-25853  

-35.79%  

46376  

72229  

29830  

*Change from Previous Day  

   

   

   

   

   

      

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Nov 02 2021  

Nov 01 2021  

Oct 29 2021  

Client  

155429  

49.82%  

467428  

311999  

493416  

Pro  

-110416  

-81.78%  

-245428  

-135012  

-272474  

DII  

-2000  

-4.92%  

-42613  

-40613  

-36613  

FII  

-43012  

-31.54%  

-179385  

-136373  

-184329  

*Change from Previous Day  

   

   

   

   

   

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Behold the story of India’s richest steel tycoon: Lakshmi Niwas Mittal

Behold the story of India’s richest steel tycoon: Lakshmi Niwas Mittal
by 5paisa Research Team 03/11/2021

The visionary industrialist who changed the face of the Indian steel business.

Widely recognized as the king of steel, Lakshmi Niwas Mittal is currently the sixth richest person in India. According to Forbes real-time net worth check, Mittal’s net worth stood over Rs 1,440 billion. Lakshmi Mittal is currently based in the UK but retains Indian citizenship.

The beginning of a long journey

From being born in a middle-class family of Rajasthan, to being one of the richest persons in India, the life story of Lakshmi Mittal has been very influential. His father, Mohanlal Mittal was a partner in a small steel business based in Kolkata. After graduation from St Xaviers, Kolkata, he joined hands with his father’s business. In those times, India had heavy government intervention in the steel sector. Laxmi Mittal, then at the age of 26, started his first steel factory PT Ispat Indo in Indonesia, as the steel business could be operated smoothly and lucratively there. Eventually, it turned out to be a great success.

Towards becoming King

After a decade of success in Indonesia, the visionary industrialist went on acquiring several steel companies across the US, Europe, South Africa to create a global mark. His basic strategy was to acquire loss-making companies and make a turnaround. He formed Mittal Steel in 2004, after the merging of various companies which resulted in the company being the largest steelmaker by output in the world, the status which he still enjoys. In 2005, he became the third richest person in the world. In 2006, the company merged with France based Arcelor, a steel giant, to form ArcelorMittal which is listed on NYSE.

In January 2021, he relieved himself of the CEO position which he passed on to his son Aditya Mittal but remains executive chairman of ArcelorMittal. 

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HDFC Life Insurance gets CCI nod for acquiring Exide Life Insurance

HDFC Life Insurance gets CCI nod for acquiring Exide Life Insurance
by 5paisa Research Team 03/11/2021

The acquisition is seen as a landmark transaction in the Indian life insurance space.

Competition Commission of India (CCI) approved HDFC Life Insurance's acquisition of Exide Life Insurance on Monday, November 2, 2021. After completion of the share acquisition, Exide Life (which will be a wholly-owned subsidiary of HDFC Life) is proposed to be merged with HDFC Life, the regulator said in the press release.

The approval by CCI comes almost two months after the Board of HDFC Life Insurance approved the acquisition of 100% share capital of Exide Life Insurance Company. The proposed acquisition is for a total consideration of Rs 6687 crore of which Rs 726 crore will be payable in cash and the balance by way of issue of 8,70,22,222 equity shares of the company at Rs 685 per share to Exide Industries Limited (holding company of the Target). The proposed issue will be by way of a preferential allotment basis.

The scheme is expected to accelerate the growth of the Agency business of HDFC Life. Exide Life complements HDFC Life’s geographical presence and has a strong foothold in South India, especially in Tier 2 and 3 towns, thus providing access to a wider market. It is also expected to add 40% to the HDFC Life Agency by adding 36700 plus agents base as of June 30, 2021.

The acquisition will augment the existing embedded value of HDFC Life by approximately 10%. The embedded value of Exide Life, as of June 30, 2021, is Rs 2,711 crore and has been reviewed by Willis Towers Watson Actuarial Advisory LLP, said the acquirer in its exchange filing. The combined embedded value of the Merged Entity will be Rs 30,042 crore (as of June 30, 2021).

HDFC Life is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment and Health. It commands a private market share of 15.5% for the weighted received premium, while Exide Life Insurance Ltd, an unlisted entity enjoys a market share of 1.3%.

The shares of HDFC Life Insurance is trading at Rs 691.45 with a loss of 0.22% today at 11.53 am.

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5 Stocks to Buy Today: November 03, 2021

5 Stocks to Buy Today: November 03, 2021
by 5paisa Research Team 03/11/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today November 03

1. Prestige Estates (PRESTIGE)

Prestige Estates Stock Details for Today

- Current Market Price: Rs. 464

- Stop Loss: Rs. 451

- Target 1: Rs. 479

- Target 2: Rs. 495

- Holding Period: One week

5paisa Recommendation: Our technical experts see further buying expected in this stock hence making this stock best stock to buy.

 

2. Sobha Ltd (SOBHA)

Sobha Ltd Stock Details for Today: 

- Current Market Price: Rs. 867

- Stop Loss: Rs. 845

- Target 1: Rs. 890

- Target 2: Rs. 935

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

3. Blue Star (BLUESTARCO)

Blue Star Stock Details for Today: 

- Current Market Price: Rs. 1,032

- Stop Loss: Rs. 1,000

- Target 1: Rs. 1,070

- Target 2: Rs. 1,120

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see positive chart in this stock hence making this stock best stock to buy.

 

4. Federal Bank (FEDERALBNK)

Federal Bank Stock Details for Today: 

- Current Market Price: Rs. 102

- Stop Loss: Rs. 99

- Target 1: Rs. 105

- Target 2: Rs. 112

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see further buying expected in this stock hence making this stock best stock to buy.

 

5. Century Plyboards (CENTURYPLY)

Century Plyboards Stock Details for Today: 

- Current Market Price: Rs. 595

- Stop Loss: Rs. 580

- Target 1: Rs. 611

- Target 1: Rs. 640

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

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Performance of various National Pension Fund Managers as of 29 October 2021!

Performance of various National Pension Fund Managers as of 29 October 2021!
by 5paisa Research Team 03/11/2021

National Pension Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA).

The Government of India launched a National Pension Scheme (NPS) in the year 2004 for Government employees. However, it was opened to all sections in the year 2009. This scheme was launched to promote the security of income to Pension Fund subscribers in their old age. Its primary objectives were to help save for life after retirement and provide good returns.

National Pension Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). NPS can be subscribed by any citizen of India falling between the age bracket of 18 to 60 years. Recently, PFRDA has increased the maximum age of joining under the NPS-private sector. Now, any citizen, resident or non-resident, between the age of 60-65 years can join NPS and continue up to the age of 70 years.

The following table depicts one-year, three-year, five-year returns and returns from inception along with the AUM of various pension fund managers as of 29 October 2021:

SCHEME - E Tier-I 

Pension Fund 

AUM 
(Rs Crs) 

NAV 

Returns 
1 Year 

Returns  
3 Years 

Returns  
5 Years 

Returns  
Inception
 

Aditya Birla Sun Life Pension Management Ltd. 

         208.72  

18.6529 

47.21% 

19.41% 

NA 

14.94% 

HDFC Pension Management Co. Ltd. 

    10,191.13  

35.0508 

53.60% 

21.14% 

16.22% 

16.42% 

ICICI Pru. Pension Fund Mgmt Co. Ltd. 

      4,051.63  

46.2550 

54.65% 

20.57% 

15.32% 

13.08% 

Kotak Mahindra Pension Fund Ltd. 

         775.94  

42.6731 

52.73% 

21.01% 

15.12% 

12.34% 

LIC Pension Fund Ltd. 

      1,977.96  

29.2667 

55.61% 

18.91% 

13.93% 

13.86% 

SBI Pension Funds Pvt. Ltd 

      7,381.33  

38.3489 

49.45% 

18.85% 

14.51% 

11.39% 

UTI Retirement Solutions Ltd. 

      1,126.27  

45.1950 

52.13% 

19.26% 

14.71% 

12.88% 

SCHEME - C Tier-I 

Pension Fund 

AUM  
(Rs Crs) 

NAV 

Returns 
1 Year 

Returns  
3 Years 

Returns  
5 Years 

Returns  
Inception 

Aditya Birla Sun Life Pension Management Ltd. 

97.61 

    14.5828  

5.84% 

10.74% 

NA 

8.79% 

HDFC Pension Management Co. Ltd. 

4387.87 

    22.4083  

6.40% 

11.39% 

8.81% 

10.28% 

ICICI Pru. Pension Fund Mgmt Co. Ltd. 

2017.22 

    34.0172  

5.97% 

10.69% 

8.56% 

10.33% 

Kotak Mahindra Pension Fund Ltd. 

367.05 

    32.7505  

5.77% 

9.84% 

7.77% 

9.98% 

LIC Pension Fund Ltd. 

1080.90 

    22.1057  

5.75% 

11.09% 

8.43% 

10.06% 

SBI Pension Funds Pvt. Ltd 

3989.47 

    34.1808  

5.97% 

10.90% 

8.57% 

10.36% 

UTI Retirement Solutions Ltd. 

542.01 

    30.3257  

5.31% 

10.43% 

8.12% 

9.32% 

SCHEME - G Tier-I 

Pension Fund 

AUM  
(Rs Crs) 

NAV 

Returns 
1 Year 

Returns  
3 Years 

Returns  
5 Years 

Returns  
Inception 

Aditya Birla Sun Life Pension Management Ltd. 

137.82 

    14.5336  

3.45% 

11.07% 

NA 

8.71% 

HDFC Pension Management Co. Ltd. 

7182.14 

    21.7883  

3.02% 

11.35% 

8.10% 

9.90% 

ICICI Pru. Pension Fund Mgmt Co. Ltd. 

3366.84 

    29.1383  

3.28% 

10.89% 

7.89% 

8.96% 

Kotak Mahindra Pension Fund Ltd. 

608.66 

    29.0675  

3.52% 

11.27% 

7.96% 

8.94% 

LIC Pension Fund Ltd. 

1913.50 

    23.4478  

3.30% 

11.89% 

9.07% 

10.85% 

SBI Pension Funds Pvt. Ltd 

8054.27 

    31.4876  

3.18% 

11.07% 

8.03% 

9.64% 

UTI Retirement Solutions Ltd. 

969.77 

    28.0398  

2.74% 

10.64% 

7.53% 

8.63% 

SCHEME -A Tier-I 

Pension Fund 

AUM 
(Rs Crs) 

NAV 

Returns 
1 Year 

Returns  
3 Years 

Returns  
5 Years 

Returns  
Inception
 

Aditya Birla Sun Life Pension Management Ltd. 

1.53 

    13.0556  

6.24% 

5.76% 

NA 

6.16% 

HDFC Pension Management Co. Ltd. 

57.64 

    15.1942  

9.27% 

10.19% 

NA 

8.63% 

ICICI Pru. Pension Fund Mgmt Co. Ltd. 

13.34 

    14.1597  

8.65% 

8.38% 

NA 

7.29% 

Kotak Mahindra Pension Fund Ltd. 

4.21 

    14.3107  

5.86% 

9.38% 

NA 

7.36% 

LIC Pension Fund Ltd. 

5.64 

    14.7374  

8.72% 

9.16% 

NA 

7.99% 

SBI Pension Funds Pvt. Ltd 

25.58 

    16.0568  

9.65% 

12.45% 

NA 

9.84% 

UTI Retirement Solutions Ltd. 

4.28 

    13.8933  

8.18% 

6.64% 

NA 

6.74% 

SCHEME - E Tier-II 

Pension Fund 

AUM  
(Rs Crs) 

NAV 

Returns 
1 Year 

Returns  
3 Years 

Returns  
5 Years 

Returns  
Inception 

Aditya Birla Sun Life Pension Management Ltd. 

16.23 

    18.5633  

47.19% 

19.36% 

NA 

14.82% 

HDFC Pension Management Co. Ltd. 

520.57 

    30.2516  

53.37% 

21.09% 

16.18% 

14.36% 

ICICI Pru. Pension Fund Mgmt Co. Ltd. 

212.22 

    36.5949  

54.55% 

20.69% 

15.43% 

11.56% 

Kotak Mahindra Pension Fund Ltd. 

59.29 

    37.5191  

51.93% 

20.64% 

14.98% 

11.77% 

LIC Pension Fund Ltd. 

84.14 

    24.5349  

56.51% 

19.02% 

13.69% 

11.54% 

SBI Pension Funds Pvt. Ltd 

308.84 

    35.4260  

49.74% 

18.92% 

14.55% 

11.23% 

UTI Retirement Solutions Ltd. 

63.37 

    37.1987  

53.90% 

19.67% 

15.34% 

11.69% 

SCHEME - C Tier-II 

Pension Fund 

AUM  
(Rs Crs) 

NAV 

Returns 
1 Year 

Returns  
3 Years 

Returns  
5 Years 

Returns  
Inception
 

Aditya Birla Sun Life Pension Management Ltd. 

8.38 

    14.5828  

5.84% 

10.74% 

NA 

8.79% 

HDFC Pension Management Co. Ltd. 

249.62 

    20.9943  

5.97% 

11.04% 

8.70% 

9.41% 

ICICI Pru. Pension Fund Mgmt Co. Ltd. 

121.16 

    31.5314  

5.82% 

10.55% 

8.44% 

10.16% 

Kotak Mahindra Pension Fund Ltd. 

27.38 

    28.6455  

5.37% 

10.38% 

8.13% 

9.26% 

LIC Pension Fund Ltd. 

52.78 

    21.0023  

9.36% 

11.71% 

8.63% 

9.45% 

SBI Pension Funds Pvt. Ltd 

173.73 

    30.8574  

5.54% 

10.44% 

8.25% 

9.95% 

UTI Retirement Solutions Ltd. 

28.60 

    29.0088  

5.19% 

10.34% 

8.13% 

9.38% 

SCHEME - G Tier-II 

Pension Fund 

AUM 
(Rs Crs) 

NAV 

Returns 
1 Year 

Returns  
3 Years 

Returns  
5 Years 

Returns  
Inception
 

Aditya Birla Sun Life Pension Management Ltd. 

13.54 

    13.9927  

3.62% 

11.03% 

NA 

7.79% 

HDFC Pension Management Co. Ltd. 

373.32 

    22.0829  

3.09% 

11.08% 

7.91% 

10.08% 

ICICI Pru. Pension Fund Mgmt Co. Ltd. 

176.73 

    27.9012  

3.41% 

10.85% 

7.87% 

9.05% 

Kotak Mahindra Pension Fund Ltd. 

42.09 

    26.8816  

3.45% 

10.66% 

7.70% 

8.68% 

LIC Pension Fund Ltd. 

128.60 

    23.7815  

3.24% 

12.16% 

9.33% 

11.12% 

SBI Pension Funds Pvt. Ltd 

305.28 

    29.8834  

3.11% 

10.82% 

7.86% 

9.65% 

UTI Retirement Solutions Ltd. 

48.26 

    28.7865  

2.83% 

10.71% 

7.61% 

9.31% 

The above-mentioned schemes are referred to as follows:

E- Investments in predominantly equity market instruments.

C- Investments in fixed income instruments other than Government Securities.

G- Investments in Government Securities.

A– Alternate Investments

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Dilipkumar Lakhi: Analysing the stocks and investment strategy of this famed investor

Dilipkumar Lakhi: Analysing the stocks and investment strategy of this famed investor
by 5paisa Research Team 03/11/2021

This investor has a total of 17 stocks in his investment portfolio as of September 2021

Dilip Kumar Lakhi is known to be one of the most famous diamond merchants of India and one of the top investors in Indian stock markets. He has held some great picks in his kitty which made him a renowned name in the industry. His net worth has jumped from Rs 157.54 crore in December 2015 to Rs 434.52 crore in September 2021. 

Today, we will discuss his latest portfolio and the sectors he has invested in, while also looking at some of the unique features of his portfolio which differentiate his investment from others.

Dilipkumar Lakhi has a total of 17 stocks in his investment portfolio as of September 2021. Below is the list of his top 10 holdings as per the information available by the exchanges.

Sr No 

Company Name 

Holding Value (in Rs Crore) 

Quantity Held 

Holding as on September 2021 

Welspun Specialty Solutions Ltd. 

164.9 

  122,132,717  

23.00% 

Welspun Enterprises Ltd. 

101.5 

     10,381,791  

7.00% 

Aro Granite Industries Ltd. 

6.8 

          966,635  

6.30% 

Unitech Ltd. 

23.8 

  128,758,107  

4.90% 

Almondz Global Securities Ltd. 

16.3 

       1,170,117  

4.50% 

Premier Explosives Ltd. 

10.9 

          459,818  

4.30% 

Nxtdigital Ltd. 

36.8 

          919,369  

3.80% 

Hindustan Fluorocarbons Ltd. 

0.56 

          578,216  

3.00% 

Diligent Media Corporation Ltd. 

0.62 

       2,729,322  

2.30% 

10 

Avonmore Capital & Management Services Ltd. 

2.3 

          536,263  

2.20% 

Welspun Speciality Solutions

Welspun Specialty Solutions is a manufacturer of best in class Alloy & Stainless-Steel products. It is the only integrated producer of Quality Stainless Steel Pipes & Tubes right from steelmaking to the finished products.

As per information on the BSE, this stock was purchased by Dilipkumar Lakhi in May 2018 and the ace investor has a 23% holding in the company amounting to Rs 164.9 crore as of September 2021. The stock has given a 1-year return of 49.89% and 16.95% on a YTD basis.

Welspun Enterprises

Welspun Enterprises (WEL), part of the Welspun Group, is an operating company as well as a holding company. Its key activity is in the infrastructure business where it develops and operates PPP projects in various sectors like roads, water, and urban infrastructure.

As per information on the BSE, Dilipkumar Lakhi has a total stake of 7% in this company amounting to Rs 101.50 crore as of September 2021. The stock has given a 1-year return of 31.34% and 13.25% on a YTD basis.

Aro Granite Industries

Aro Granite Industries Ltd. engages in the manufacture and export of granite tiles and slabs. It exports its products to North America, South America, Europe, and Far East markets. It is the largest exporter of processed granite in India, with a production capacity of 1 million Square-meters/year.

As per information on the BSE, Dilipkumar Lakhi has a total holding of 6.30% in this company amounting to Rs 6.8 crore as on September 2021. The stock has given a 1-year return of 130.74% and 44.07% on a YTD basis.

Unitech – 

Unitech Ltd. is engaged in real estate development including related activities of construction, contracts, consultancy and management services, hotels, manufacturing of power transmission and telecom towers and property management.

As per information on the BSE, Dilipkumar Lakhi has a total holding of 4.90% in this company amounting to Rs 23.8 crore as on September 2021. The stock has given a 1-year return of 34.56% and a negative return of 2.66% on a YTD basis.

Almondz Global Securities

Almondz Global Securities Ltd. operates as an investment banking company. Its area of services includes equity capital market, debt capital market, private equity and M&A, infrastructure advisory, equity broking & wealth management, debt portfolio management services and distribution.

As per information on the BSE, Dilipkumar Lakhi has a total holding of 4.50% in this company amounting to Rs 16.3 crore as on September 2021. The stock has given a 1-year return of 929.68% and a return of 539.3% on a YTD basis.

What does the Portfolio tell us about the Investment Strategy?

There are multiple things stock-picking can tell us about the investment style. Based on the stock picks of Dilipkumar Lekhi we can observe that this ace investors investment strategy includes avoiding popular segments like banks, automobiles, and pharma. Instead, he prefers investing in the least competitive segments, and relies on reversals and contra calls.

The portfolio does not show any sort of inclination towards the companies ranging from the Pharma, Private Banks or Automobile sector, unlike the portfolio of many other top investors like Rakesh Jhunjhunwala. However, Dilipkumar Lakhi likes to invest into the less popular sectors like media sector, printing ink and paper sector, while also investing into cyclical sectors such as steel.

There are two real estate companies in his portfolio, including the heavily beaten down Unitech stock. This is an excellent example of Contra call and an investment in a beaten down stock.

 

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