Vriddhi : April month update

April was a good month for vriddhi strategy. The first week of April was very bullish as the Market was coming out of a 3-month correction phase, and most of the gains for the strategy came in that duration. Now, the Market appears to be consolidating and deciding the future direction.

Vriddhi Strategy outperformed Nifty by 3.8% for the month of April.

There were only 4 transactions for the month of April. InvestIn10 had Re-balanced into strong stocks by the end of March expecting this rally.

Re-balance updates for April month

Vriddhi strategy Valuation metrics. These metrics are for reference only. InvestIn10 doesn’t use any of these metrics for stock selection.

Individual Stock analysis
BECTORFOOD: very bullish setup. Still no signs of exhaustion
CERA: Momentum has weakened more than expected. Look’s alright still, but might check for better looking setups & replace this.
EQUITASBNK: Looks ok, expecting a small dip and then up-move should resume.
FSL: Not too happy with the angle of ascent on the Relative Momentum (Rel MOM) indicator. Might look for stronger stocks.
GPPL: Div yld 5%. Looks completely fine on Relative Momentum (Rel MOM).
HGINFRA: expecting an up-move from what I see on Rel MOM indicator trend-line.
KIRLOSENG: something’s up here, entirely based on the high Delivery% from the last week.
KSB: still going strong. Nothing to complain.
MCX: has corrected more than expected. Will check for better Stock.
ZYDUSLIFE: inching up without a break. Lately many Pharma stocks are doing the same. Interesting.

There will be a Re-balance update later today, so keep plugged in. Also will try to analyse the Market Breadth and the way forward.

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