The WeekendInvesting Newsletter - 3 April 2024

Mi India Top 10 stands out for its simplicity and effectiveness. This strategy, which selects stocks solely from Nifty 50 constituents, has showcased remarkable performance, even with stocks that might traditionally be considered unexciting.

Take, for instance, the performance of stocks like Bajaj Auto and Larsen & Toubro (L&T). Despite initial perceptions of these stocks as unremarkable, they have delivered impressive returns within a relatively short timeframe.

Bajaj Auto, entered into the India Top Ten portfolio in May 2023, has surged by a staggering 105% within a year.

Similarly, L&T, added in February 2023, has seen its value appreciate by 74% over the same period.

These success stories underscore the effectiveness of the strategy in identifying and capitalizing on market opportunities.

The success of the strategy is further evidenced by its ability to capitalize on market momentum.

Case Study learnings

In the world of stock investments, understanding when to buy and sell is crucial for maximizing returns and minimizing losses. Today, we delve into two case studies that shed light on the importance of strategic decision-making in your investment process.

Alkyl Amine

Let’s start with Alkyl Amine, a stock that experienced a whirlwind of price fluctuations. Initially purchased near Rs. 600 in 2020, it soared to nearly Rs. 4700 within a year and a few months. However, as the momentum waned, the stock began. . . . .

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WeekendInvesting Daily Bytes

On April 3, the market experienced a phase of consolidation, with the Nifty forming an inside bar for the third consecutive day, indicating a period of uncertainty and anticipation of a potential breakout.

Despite some red on the heat map, with notable declines in banks like Kotak Bank, ICICI Bank, and Axis Bank, and also in IT stocks like Infosys, TCS, HCL Tech, and Wipro, there were positive movements in the auto sector and sporadic gains across other sectors. The Nifty Next 50, however, showed more positive momentum, with several stocks making notable gains.

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