INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Calendar 2019 was painful for most investors
Even many of the seasoned investors could not cope with the harsh market conditions.
Value investor Anil Kumar Goel is one of them
As many as 23 of his smallcap holdings eroded up to 70 per cent of market value during the year
630 crore as of December 16
Only seven of his portfolio stocks are on course to end the year higher, data compiled from corporate database AceEquity suggests
This study does not include stocks Goel holds in the name of his better half, Seema Goel
Samtex Fashions, where Goel held 6 per cent stake at the end of September quarter, lost 69.37 per cent of its market value for the year
He has been holding this stock since 2010 and his holding has been 6-7 per cent since 2015
Another portfolio stock, IG Petrochemicals, lost 69.37 per cent of value during the year
Goel has been holding it at least since 2015.
Some of stocks where Goel lost big this year included KG Denim (down 54.12 per cent), Sterling
Tools (down 49.32 per cent), Shivam Autotech (down 49.10 per cent), Thirumalai Chemicals (down 49 per cent), Vardhman Holdings (down 44.74
per cent), Austin Engineering Company (down 43.15 per cent), TCPL Packaging (Down 40.65 per cent) and Amarjothi Spinning Mills (down 40.57
That stock is down 22 per cent this calendar
Other stocks he holds such as Sarla Performance Fibres, Star Paper Mills, Vardhman Special Steels and Sanghvi Movers are all down 30-40 per
cent for the year.
That said, a few of his other big holdings, especially sugar stocks, delivered healthy returns
Triveni Engineering - Industries delivered 35 per cent, Dhampur Sugar Mills 24 per cent, Dwarikesh Sugar 18 per cent and Uttam Sugar Mills 6
Dalmia Bharat Sugar and Andhra Sugars, however, fell 8-15 per cent.
Goel was not alone
Even Big Bull Rakesh Jhunjhunwala failed to make solid gains in Calendar 2019