Dear Investor, Trust you are well. Market Update FY24 was a year of strong performance for the stock markets in India and globally with several reaching their all-time high levels. Indian markets experienced a broad-based rally especially with some of the ‘forgotten’ sectors like PSU, capital goods and the more cyclical sections of the market
Dear Investor, Trust you are well. Portfolio Update During the period from April to September 2023, we have completely divested our investment in Cera Sanitaryware which was trading at ~50x PE. Our decision to exit was driven by our concern that the markets were extrapolating the recent good performance on margins, growth, and
