Model Portfolio Stocks Performance
Cadila Healthcare (+5.2%), Ultratech Cement (+18.2%), Finolex Industries (Nse) (+16.6%), Divis Laboratories (Nse) (+12.8%), HIL Limited (+22.1%), Hdfc Life Insurance Co (+0.6%), Gujarat Gas (+2.6%), Deepak Nitrite (+4.4%), Central Depository Services (India) (+5.7%), Uflex (Nse) (-3%), Larsen & Toubro Infotech (+4.3%), Apollo Tricoat Tubes (-1.9%), Tata Consumer Products (+5.8%), Sbi Cards And Payment Services (-0.4%), Birla Corporation (Nse) (+14.9%), Emami (+4.1%), and Au Small Finance Bank(+1.1%)
This week, we added one stock to our model portfolio.
Au Small Finance Bank, which started in 1996, is a scheduled commercial bank that successfully transitioned from an asset financing NBFC to a small finance bank. The bank is retail-focused with a diversified bouquet of products and services. Its target customers include low-and-middle income individuals and micro/small businesses, which are creditworthy and have a business potential but are unable to avail financing from formal channels. The bank currently has more than 18 lakh active customers. Further, the bank enjoys a marquee investor base that includes institutions like Kotak, Nomura, HDFC Life, SBI MF, UTI, etc. The stock broke out of a stage-one consolidation base on very good volume, turning actionable.
Buy watchlist: Nestle India, Aurobindo Pharma, Relaxo Footwears, Welspun (Nse), Indraprastha Gas, Agro Tech Foods (Nse), Bse, Pidilite Industries(Nse), Poly Medicure, Icici Lombard General Ins Co, and Balrampur Chini Mls(Nse)
Sell Watchlist: Uflex (Nse)