INSUBCONTINENT EXCLUSIVE:
Calendar 2018 taught some hard lessons to retail investors, especially those who blindly ape established names on Dalal Street, as even the
biggies like Rakesh Jhunjhunwala, Dolly Khanna, Anil Kumar Goel and Porinju Veliyath faced the heat in the prolonged selloff
Among the top wealth destroyers, The Mandhana Retail tanked 76 per cent, followed by Geojit Financial Services (down 65 per cent), Dewan
Housing Finance (down 63 per cent), Prozone Intu Properties (down 60 per cent) and Prakash Industries (down 58 per cent).
Some of his other
favourites like Orient Cement, Anant Raj, Aptech, Bilcare, Man Infra Construction, TV18 Broadcast and Ion Exchange (India) have declined
between 40 per cent and 54 per cent for the year till date.
Other holdings such as VIP Industries, Firstsource Solutions and Titan Company,
however, played saviour and gained 49 per cent, 26 per cent and 9 per cent, respectively.
Shankar Sharma of First Global in an earlier
interaction with ETMarkets.com said one should never ape others in the stock market
This will help you develop your own style
Kochi-based investor Porinju Veliyath also took a massive hit on his portfolio, comprising largely smallcaps and midcaps
The fund had gained 6.33 per cent and 3.70 per cent in August and July, respectively
Some of his portfolio stocks plunged drastically in the selloff September-November
Stocks owned by his wealth management firm Equity Intelligence, like LEEL Electricals, Liberty Shoes, Shalimar Paints, Ansal Buildwell,
Eastern Treads, Kerala Ayurveda and BCL Industries slipped between 35 per cent and 81 per cent in 2018
Often called the smallcap czar, Porinju in a letter his investors advised investors to keep faith in the India growth story and stay put on
their investments.
In one of his recent letters, Porinju said there is nothing to do in this market for investors who have put in money with
Hundreds of stocks, including many of those we are holding, would be up more than 100 per cent by next year.
Most of the shares held by
Chennai-based investor Dolly Khanna also too moved southward during the year
Srikalahasthi Pipes, Rain Industries and Butterfly Gandhimathi Appliances dipped over 50 per cent during the year
cent.
With over 1 per cent holding in more than 30 companies, Anil Kumar Goel saw his portfolio value fall up to 73 per cent during the year
Over 10 of his holdings dipped over 50 per cent
Samtex Fashions, Sarla Performance, Indsil Hydro Power and Manganese, Vardhman Holdings, KG Denim, Srikalahasthi Pipes, KRBL, Dwarikesh
Sugar Industries, Shivam Autotech and Thirumalai Chemicals dipped between 50 per cent and 75 per cent.
Among his other holding, Ador
Fontech, Sterling Tools, Mazda, Majestic Auto, Star Paper Mills, Swelect Energy, Majestic Auto and JBM Auto have dragged his portfolio since
January.
Two of his holdings, Punjab Alkalies and Chemicals and Technocraft Industries, however, rallied 129 per cent and 7 per cent,
respectively, during the same period
The BSE Midcap and Smallcap indices retreated 15 per cent and 25 per cent, respectively, between January 1 and December 17, while the
benchmark Sensex gained 7 per cent.
Jhunjhunwa last week said volatility is here to stay in the market
The Big Bull said excitement about midcaps has mellowed down quite a bit
He said 98 per cent of money in Indian stock market is being made by being bulls
However, he admitted he himself has not always made money by being bullish.
