Investing is my forte | Decoding Markets with Data & Probability | Observing Cycles | Trends | Business Research
Bhubaneshwar, India
Joined July 2022
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IITian Who rejected the US Dream to make bottle caps for steel drums - Technocraft Inds 🔥
In 1969, Sharad Saraf graduated from IIT Bombay with two full American scholarships in hand
He rejected both and spent a year mastering micron-level precision tooling in East Germany
In 1972, teamed up with his brother Sudarshan in in Maharashtra with ₹2 Lakh in borrowed capital
Product was completely unglamorous: drum closures
American giant Greif Inc. dominated the globe
& Licence Raj made things even harder for them
Built their own Special Purpose Machines (SPMs) from scratch, Secured patents & began exporting
In 2005, they made an insane contrarian bet - Opening a factory inside China's
& today, Technocraft controls 🔥
Generates ₹2,750+ Cr in revenue, and
Exports to 80 Countries with zero debt
Commands 35% of world market outside China
Astral Pipes - Founder Who Sold His House 🔥
In 1996, Sandeep Engineer spotted CPVC pipes replacing iron & copper during a US visit.
He Brought the technology to India by licensing it from Lubrizol - becoming its first Indian partner.
To Build Astral's first factory, he sold his own house & first bet failed badly
Industrial CPVC pipes found almost no demand, leaving the plant running at just 5% capacity utilization.
Instead of abandoning CPVC, he shifted - In 2001, Astral pivoted to plumbing pipes, where CPVC proved cheaper, more durable, and easier to install.
Pivot changed everything. Astral raised ₹35-37 Cr through its IPO & the stock compounded 20% CAGR over the next 12 years 🔥
Jyoti CNC is rewriting India’s deep-tech playbook with 5-axis precision technology 🔥
In 2007, it acquired France’s Huron for ₹240 Cr, bringing advanced precision engineering to India
Now, it replaces India's heavy reliance on costly imports
By becoming the sole domestic manufacturer of 5-axis machines across India and France
Now Scaling annual capacity from 6,000 to 16,000 machines to tap aerospace & defence demand
Jyoti CNC is playing to dominate mission-critical tech, not just assemble tools 🔥
Focus on large caps for the next year. Mid & Small caps are riskier after the sell-off
Focus on themes: NBFCs post rate hikes, capital markets & wealth management, discretionary consumption, chemicals & metals
Nifty is backward-looking. It misses new growth companies
Stock-specific approach from this Diwali to the next
- Sunil Singhania On Portfolio Making 🔥
Madhusudan Kela 🔥
Added one new name & completely exited another
Exits SG Finserve In Q2-FY27
Bought: 9.52L Shares in 2025 | 1.7% Stake
After Steady trimming, completely exited SG Finserve & falls <1% Shareholding
Meanwhile, Ashish Kacholia continues to hold:
15.44L Shares | 2.34% Stake
Holding Value Over ₹100 Cr Now
A Clear divergence in conviction on SG Finserve 🔥
Madhusudan Kela 🔥
Ace investor & former Reliance Capital CIO
known for concentrated small-cap & turnaround bets
New adds In Q2-FY27 Sept 2026
MV Electrosystems
4.2% Stake | 11.5L Shares
Pre-IPO stake that became visible after the Aug
Stake changes & trimmed
Windsor Machines
Rashi Peripherals
Bombay Dyeing
Fresh pre-IPO fuel added & Old multi-baggers pruned
Chembond Chemicals 🔥
Promoter Accumulation Continues
Invested: ₹11.56L
5.6K Shares | At: ₹204.30
Invested: ₹26.52L
11.9K Shares | At: ₹222.52
He’s Been Steadily buying the dip since a year
Meanwhile, Micro-cap specialist Zaki Abbas Nasser took a fresh 2% Stake in Q2 FY27 🔥
Prashant Khemka 🔥
WhiteOak Capital just launched a new Small Cap FoF & the first portfolio disclosure is WILD
96.7% Of the fund is dumped into 5 rival MFs
DSP
Groww
Abakkus
Bajaj Finserv
Motilal Oswal
Allocating nearly 1/4th of the entire fund (24.12%) to Sunil Singhania’s Abakkus Small Cap Fund
Alongside Vikas Khemani - Via Carnelian 🔥
More two big names backed EAAA India Alternatives
HDFC Mutual Fund:
Via Anchor Round
0.35% Stake | At: ₹1,665
Invested ₹38 Cr | 2.28L Shares
Via Bulk Deal Buy:
1.35% Stake | At: ₹1,679.75
Invested: 135 Cr | 8.06L Shares
Larsen & Toubro Ltd (L&T):
0.58% Stake | At: ₹1,682.32
Invested: ₹62.6 Cr | 3.71L Shares
Institutional Heavyweights Are Loading Up! 🔥
Vikas Khemani 🔥
Via Carnelian Bharat Amritkaal Fund
Participated via the anchor book & added more on listing day in EAAA India Alternatives
First tranche:
Invested: ₹20.5 Cr
1.23L Shares | At: ₹1,665
Second tranche:
Invested: ₹11.8 Cr
7L Shares | At: ₹1,691.80
In total Invested ₹32.3 Cr | 8.23L Shares
A Strong conviction move, with buying seen at both stages, Worth tracking from here 🔥
Blockbuster Q2 Results | 2nd Nov 🔥
Companies Delivering Standout Performance
Power, EPC & Green Energy: Kanohar | Viviana Power | Smarten Power | Kay Cee Energy & Infra
Chemicals & Agri-Inputs:
Balaji Amines
Fine Organics
Prasol Chemicals
Shree Pushkar Chemicals
Pharma & Healthcare: Akums Drugs | Granules
FMCG & Consumer Staples
KRBL Ltd
Amirchand
Gopal Snacks
Triveni Engineering
Textiles & Garments: Kitex | RSWM | Winsome
Capital Goods, Metals & Auto Components
Nelcast
Shera Energy
Concord Control
Jay Bharat Maruti
Baheti Recycling
Sunlite Recycling
Divgi TorqTransfer
Rajputana Stainless
Tech, Defense & Fintech: Ideaforge | Xtranet
Infra, EPC & Logistics:
Sicagen
PSP Projects
VRL Logistics
Petronet LNG
Balmer Lawrie
BFSI, Retail & Diversified Services: Fusion Finance | Choice Intl | UY Fincorp | Mold-Tek Packaging | Krystal Integrated Services | Umiya Mobile
Crude Oil 118 > Nifty 22,300
Crude Oil 114 > Nifty 22,900
Crude Oil 110 > Nifty 23,400
Crude Oil 104 > ?
@grok Oil is Down - Why ?
Vikas Khemani 🔥
Via Carnelian Bharat Amritkaal Fund
Participated via the anchor book & added more on listing day in EAAA India Alternatives
First tranche:
Invested: ₹20.5 Cr
1.23L Shares | At: ₹1,665
Second tranche:
Invested: ₹11.8 Cr
7L Shares | At: ₹1,691.80
In total Invested ₹32.3 Cr | 8.23L Shares
A Strong conviction move, with buying seen at both stages, Worth tracking from here 🔥
Madhusudan Kela 🔥
Ace investor & former Reliance Capital CIO
known for concentrated small-cap & turnaround bets
New adds In Q2-FY27 Sept 2026
MV Electrosystems
4.2% Stake | 11.5L Shares
Pre-IPO stake that became visible after the Aug
Stake changes & trimmed
Windsor Machines
Rashi Peripherals
Bombay Dyeing
Fresh pre-IPO fuel added & Old multi-baggers pruned
Madhusudan Kela Entered Yash Highvoltage 🔥
His firm picked up nearly 14,000 shares worth ₹1 Crore at an issue price of ₹721 per share
Yash Highvoltage cleared a massive ₹151 Crore preferential issue yesterday
Company is upgrading its transformer bushing capacity from 245 kV to 550 kV
Catapulting them into the elite extra-high-voltage league
One of India’s top small-cap funds building a massive position in this EMS player 🔥
Promoters cut stake from 65% to 44%
& this fund absorbed the supply
In Virtuoso Optoelectronics
Dec: 4.73% Stake
Mar: 7.92% Stake
Oct: 12.96% Stake
Now sitting on 46.56L Shares worth ₹235 Cr
& they rarely deploy capital for short-term trades
German engineering giant Bosch is entering India's AC market with a smart dual-brand strategy
It acquired the global residential & light-commercial AC business of Johnson Controls & Hitachi
Now, it is launching Bosch ACs for luxury buyers while using Hitachi for mass-premium
It eyes a double-digit market share in just 2 years and targets a top 5 position in the medium term
Bosch is playing to dominate, not just participate 🔥
Wheels India
Mkt Cap: ₹5473 Cr
PE: 26.0
P/S: 0.89
Revenue: ₹6137 Cr
Rev Growth (TTM): 24.4%
PAT Growth (TTM): 54.3%
SSWL (Steel Strips Wheels)
Mkt Cap: ₹7763 Cr
PE: 26.4
P/S: 1.25
Revenue: ₹6235 Cr
Rev Growth (TTM): 32.8%
PAT Growth (TTM): 53.8%
Both have similar valuations & strong PAT Growth
Which one would you go with?
Persistence Capital 🔥
One of the most Underrated
Disclosed three fresh >1% Smallcap stakes
In Sep-26 (Q2 FY27)
Menon Bearings:
1.69% Stake
8.75L Shares | ₹21 Cr
Alkop supplies Tesla & Porsche chain.
Neogen Chemicals:
1.09% Stake
3.28L Shares | ₹71 Cr
Battery chemicals / Electrolyte play
Centum Electronics:
1.06% Stake
1.56L Shares | ₹62 Cr
Defence & Aerospace electronics
Has Been Generating strong alpha since inception
Persistence Capital 🔥
Looks like they’ve cleaned up the portfolio - exited
Sai Silks | Pondy Oxides | Entero Healthcare
Pennar Industries | UDS | Windlas Biotech
Current holdings of the fund
Interarch - ₹37 Cr
Pokarna - ₹27 Cr
CSB Bank - ₹68 Cr
SAMHI Hotels - ₹70 Cr
GMM Pfaudler - ₹30 Cr
Menon Bearings - ₹21 Cr
Shivalik Bimetal - ₹65 Cr
DEE Development - ₹50 Cr
Rishabh Instruments - ₹33 Cr
Portfolio now looks much more concentrated, less names & more conviction 🔥