Here is the list of stocks which constitute 1% or more of my portfolio:
|Stock||Latest Price||Inv. Price||Overall Gain %||% of Portfolio|
|Oberoi Realty (52)||255.15||239.2||6.68||9.59%|
|eClerx Services (17)||1,345.00||1026.5||31.02||3.23%|
|Selan Explore (28)||562||317.7||76.88||2.45%|
|IRB Infra (15)||257.3||81.3||216.29||2.09%|
|Bharat Forge (9)||856.75||272.3||214.69||1.97%|
|Mayur Uniquoter (11)||434.25||111.0||291.1||1.95%|
|Kaveri Seed (13)||930||296.6||213.51||1.89%|
|Balkrishna Ind (11)||752.6||232.3||223.92||1.86%|
|Sesa Sterlite (3)||279||151.0||84.78||1.67%|
|RS Software (14)||539.6||206.5||161.29||1.56%|
|EID Parry (13)||220.6||141.5||55.93||1.52%|
|Sun Pharma Adv (18)||197.85||121.9||62.27||1.48%|
|PTC India Fin (6)||44.15||15.0||194.98||1.41%|
|Hind Zinc (18)||165.1||122.0||35.34||1.36%|
|Indian Hotels (13)||96.55||59.9||61.06||1.35%|
|PI Industries (10)||437.6||159.0||175.23||1.35%|
|Ajanta Pharma (14)||1,604.10||1007.7||59.18||1.30%|
|Grindwell Norto (7)||490||256.5||91.02||1.25%|
|Munjal Auto Ind (11)||84.7||34.0||149.17||1.20%|
|Tata Inv Corp (13)||561.45||405.0||38.63||1.19%|
|Oriental Carbon (9)||290||113.2||156.17||1.17%|
|ICICI Bank (9)||1,548.75||933.8||65.85||1.05%|
|Sobha Developer (12)||465.5||288.6||61.28||1.03%|
|Banco Products (2)||142.1||56.2||153.02||1.00%|
The stocks representing more than 1% of my portfolio now constitute 68% of my portfolio, and the number of stocks are 33. 32% of the portfolio is represented by the top 8 stocks. I fully intend to concentrate further, so that the top 8 stocks represent 50% of the portfolio.
However, the concentration of scripts has hurt me, since my top stocks, Oberoi Realty, IDFC, Selan Exploration, and IL&FS Investment Managers have significantly underperformed the market in the last couple of months. The only one amongst the top 5 which saw outperformance was eClerx Services. Other top stocks which underperformed included Mayur Uniquoter, IRB Infra, BKT and Sterlite and Shilpa.
The three stocks which saw major outperformance was my old favorite MPS Ltd., and Kaveri Seeds. NMDC and Larsen, while not majorly outperforming in the month, gave me the benefit of buying these stocks on dips in July.Old favorite Cummins continued to do well. Another stock that did well in August was SPARC. PTC India Financial Services and RS Software did remarkably well in August.
What new stocks did I buy? I bought some Exide and some Amara Raja, since both constitute a nice duopoly, I bought HPCL, because there is tremendous value embedded in the company, with or without GOI policy issues, I bought Kitex Garments on a ValuePickr recommendation, Mazda Ltd and Linc Pens on my own reading of the balance sheets and potential. I added to Indian Hotels on a dip after the result. I bought HIL on an India Nivesh Recommendation. Finally, I continued to buy IDFC on dips.