Weakness in the last two trading days, dented the Smart Portfolios’ benchmark index portfolio value. The markets, after a sideways movement, dropped rather significantly in the last two trading days, mainly on account of weak global cues. The Greek debt woes, coupled with US economic worries, triggered selling pressure in stock markets across the world. Back home, the RBI rate action and continued hawkish stance in the backdrop of high inflation also weighed on investor sentiment.
In the week under review, Smart Portfolios’ benchmark net worth saw a significant cut of 3.36 per cent to Rs 9.66 lakh. However, our two fund managers – Ajay Parmar and Shishir Bajpai – managed to beat the downtrend with a smart gain of nearly two per cent each. The outperformance can mainly be related to one common stock — Lovable Lingerie in both the fund managers’ portfolio.
AJAY PARMAR, HEAD RESEARCH INSTITUTIONAL EQUITIES, EMKAY
Ajay Parmar continued to remain on the sidelines for yet another week. However, his net worth saw a rebound, above the Rs 10-lakh mark, thanks to the 39 per cent surge in one of his investments — Lovable Lingerie. The stock has now become his best pick, with a net return of over 61 per cent. eClerx Services, Jubilant Foodworks and Insecticides remain his other top picks. Parmar’s portfolio is now valued at Rs 10.05 lakh, and he holds Rs 1.12 lakh cash.
SHISHIR BAJPAI, SENIOR VICE PRESIDENT, IIFL PRIVATE WEALTH
Shishir Bajpai was once again fairly active with 25 trades, including 14 on the buy side. He continues to change his portfolio at every given opportunity. Bajpai booked a significant gain of nearly nine per cent on his investment in Punj Lloyd, followed by HDIL (5.5 per cent) and Titan (4.6 per cent). On the other hand, he booked a loss of around two per cent each on his investment in Indiabulls Real Estate and Educomp Solutions. Among his fresh investments, Bajpai received a windfall gain of 34 per cent on his investment in Lovable Lingerie. He continues to remain fully invested and his net worth is now valued at Rs 33.73 lakh.
VINAY KHATTAR, RESEARCH HEAD - EDELWEISS WEALTH MGMT
Vinay Khattar may have ended the week with a loss of two per cent at Rs 9.66 lakh, but he seems to have sensed the danger and offloaded a majority of his holdings by June 13. Among his prominent exits, Khattar booked a smart gain of nearly 30 per cent on his investment in Sabero Organics. Mundra Port (10 per cent) and Larsen & Toubro (nine per cent) were the two other major profitable trades. He booked a loss of 3.5 per cent each in YES Bank and LIC Housing Finance. Khattar now holds just three stocks in his portfolio, which is worth Rs 12.21 lakh. His cash level has now galloped to Rs 9.64 lakh.
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