IDFCFirstBank was a good bet

25-Jun-2023

Finally, I decided to sell #IDFCFirstBank equity that I held for last 5 years or so. It was difficult to resist a INR 600k profit but the other reason that prompted me to sell it was my big losses on the options trade that continue to pileup, and I don't want to invest new money in direct equity.  Once I sold all (4300 still remaining), I can likely still take-home net INR 100k. I should have had let it go when I exited the May positions. I intend to buy #Infosys from the principal amount that comes out. IT sector is fairly going down the turn and it will be good time to accumulate slowly, 

I think, IDFC bank was a good bet. I am selling almost at 67% gain, which is like 12% per year. On the other hand, even Infosys stock does not perform in near future, I expect to get at-least 1-2% in dividends per year. 

On the personal front, the week was largely uneventful apart from the fact that Myra and Pallavi went back this week, to be back in Thailand by end of July or early August. The transition to Bangkok finally happening. I hope they had a good one month spent here. It was slow in site seeing, but there was no need to rush things as well. 

Anvay book is finally published, and I guess, it is a good thing for this age. It is difficult to write a book. I hope it appeals to young adults as he calls, it is for specific audience. 

Anvay travelled to Bengaluru last week to try for PES, but unfortunately seats finished at 4830 rank much lower than his rank which is in 7ks. It was largely expected but you just wanted to take a chance. 

He now has to finalize from #KIIT and #Manipal University Jaipur (MUJ). I think the inclination is towards MUJ. It has to be closed this week, as you have to pay the fees :)

vA