25.5.2023 Daily Stock Portfolio Performance .
Today on 25.5.2023 stock market closed positive. #nifty has moved up +35 points (+0.20%) and closed at 18,324. #midcap100 has moved up +125 (+0.38%) and closed at 33,157. #smallcap has moved up +8 points (+0.09%) and closed at almost same level of yesterday. And stock portfolio has moved down ₹18,038 (-0.76%) and now latest value of stock portfolio is remained at ₹23,53,972.
Today portfolio is pulled by so many players like #recltd #bajajfinance #asianpaints and so on, but the portfolio is completely dragged down single handedly by none other than #bdl with down move of more than 5%. Today portfolio is dragged ₹20,778 by BDL alone. means the total down move is because of BDL and if we deduct than the portfolio is almost flat as today's total fall is ₹18,038 and BDL fall is ₹20,778.
Any way, we have seen the results of BDL and it's good. actually the March quarter performance is significantly better that December quarter but still the stock has been hammered 5%. We are clearly of the opinion that stock has just given knee jerk reaction of the some what weak operating performance on q on q basis. But company is repeatedly saying that they are facing execution problems due to Russia Ukraine war and hence comparision with last fiscal is not the right parameter for evaluating the companies performance as the war has been on since last February 2022 and that has impacted the numbers and war is not an all time task and once the war is over the stock will up again. And about the price fall, it's a knee jerk reaction and most likely stock will be stabilize tomorrow and if it keep falling then it's a good buy. And remember buying good company in bad time can give good returns.
One more thing, now you know that we have concentrated portfolio and the highest weightage is given to #bdl and BDL is down 5% and still the portfolio is down less than 1% and this is power of good portfolios where wild moves in any stocks will not disturb you. Instead with time you will become strong and stubborn and this volatility won't break you.
so, that's it for today. see you tomorrow 😃.
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