I alway try to make sure that I dump the stocks whose fundamentals does not look favorable. Some of the stock which I sold recently was Nava Bharat Ventures(Few shares) and MTNL. The reasons for selling was different.
Sold ONGC on the grounds that wonderful business managed by a government which cares less about the minority shareholders interest of adding value by putting burden of covering the loss of oil companies on its business. Should the interest of the shareholder come secondary to other stakeholders if not equal?
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One of the mistakes of commission was selling of a half of the holdings in Nava bharat ventures. The balance sheet is getting stronger and the retained earnings yield is more than 60%. Thats cool. I will wait for the market value of this business to come down before I increase my holdings again.
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