- Wealth PMS
A quick note to summarize a few changes in the Momentum Portfolio.
We exited Suzlon at Rs. 17.6 which is an 8% return (it will show up as a 4% return because it was a 50% position). This was a retracement (technical) which caused us to move on.
The stock continues to have a solid fundamental backing, though in the near term it may see some damage as the 18 barrier is strong. It may be worthwhile to hold a few shares in a longer term portfolio (we are considering it too) and pile . . .