May 2022 - Deep underperformance...

May 2022 was a very bad month with index falling 1% but portfolio falling 4.5%. This was driven by overweight position in the energy and materials sector which got hit for various reasons. However I feel that for the year we will do better as it is something that we had faced even in FY22. This month recommendations are already indicating selling out of materials which added to the underperformance.

The new recommendation for the month of June 2022 are as follows:

1. Titan Industries

2. M&M

3. UPL Limited

4. Coal India

5. PGCIL

6. Sun Pharma

7. NTPC

8. Reliance Industries

9. Bharti Airtel

10. ITC Limited