Porinju Veliyath's Diwali delights: Two stellar stock picks
The ace investor suggests avoiding the lure of the popular defence theme
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The ace investor suggests avoiding the lure of the popular defence theme
Investors must visualise the growth of a company over the five- to 10-year term and understand the impact of market dynamics on companies before investing in them, says Veliyath
The founder of Equity Intelligence, who has zero investment in real estate, is also bullish on India’s growth story.
“The largest two holdings in our portfolio are Tata Communications and Raymond. Raymond has moved from Rs 3000 crore to now around Rs 14,000 crore market cap. Similarly, in Tata Communications, we continue to hold all our stocks and we have been buying till very recently. However, we are ready for 10-15% correction in both the stocks.”
Porinju spoke about the late Jhunjhunwala and how his own story is about 90 percent success and 10 percent failure