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Sectors in Focus

Major Corporate Developments This Week

ORDERS / PROJECT WINS

1. Kernex Microsystems – ₹2,465.7 cr order from Chittaranjan Locomotive Works
2. Transrail Lighting – ₹527 cr order; MENA & Africa expansion
3. Zen Technologies – ₹404 cr defence orders incl. anti-drone systems
4. Pace Digitek – ₹375.7 cr solar EPC order
5. Interarch – ₹130 cr order win
6. Railtel – ₹88.7 cr order from Central Railway
7. BHEL – Supplies commence for Vande Bharat Sleeper traction transformers

RESULTS / EARNINGS & GUIDANCE

1. Godrej Properties: Q3 booking value at ₹8,421 cr, up 55% YoY, reflecting strong residential demand momentum
2. Prestige Estates: Q3 pre-sales stood at ₹4,184 cr, up 39% YoY, supported by healthy project launches
3. Waaree Renewable: Net profit surged to ₹120.2 cr from ₹53.5 cr YoY on strong execution
4. Emmvee: Net profit jumped to ₹263.6 cr from ₹99.2 cr YoY, driven by robust revenue growth
5. ICICI Prudential AMC: Net profit rose to ₹917.1 cr from ₹631.8 cr YoY; steady AUM-linked earnings
6. HDB Financial Services: Net profit increased to ₹643.9 cr from ₹472.3 cr YoY on higher NII
7. Nuvoco: Returned to profitability with net profit of ₹49.1 cr after YoY loss
8. Tata Elxsi: Q3 profit declined sharply YoY despite stable revenues, indicating margin pressure
9. Sterling & Wilson: Reported a net loss in Q3 versus profit YoY, raising near-term earnings concerns

CORPORATE ACTIONS / STRATEGIC DEVELOPMENTS

1. Shriram Finance – MUFG stake issuance approved by shareholders
2. JSW Energy – 2×800 MW turbine procurement for Salboni thermal project
3. NLC India – MoU with Gujarat govt for large renewable energy projects
4. Biocon – ₹4,150 cr QIP at ₹368.35/share

TechnoFunda Investing Quote from Legends -

Warren Buffett’s quote, "Time is the friend of the wonderful business, the enemy of the mediocre," highlights the power of compounding and business quality over the long term. A wonderful business — one with strong fundamentals, competitive advantages, and consistent growth — becomes even more valuable as time passes, rewarding patient investors with expanding profits and wealth. On the other hand, a mediocre business struggles to grow or maintain its position, and over time, its weaknesses get exposed, often leading to stagnation or decline. In investing, time magnifies the gap between good and bad businesses.

The Compounding Life Newsletter - by Vivek Mashrani

The TechnoFunda Circle

📚 Book I'm Reading This Week Just Keep Buying Just Keep Buying by Nick Maggiulli is a practical, data-driven guide to building wealth through consistent investing and smart money decisions. Drawing from real-world analysis and personal finance research, Maggiulli challenges common myths around saving, investing, and timing the market, offering readers simple, actionable strategies to grow their wealth over time. With a focus on making steady progress rather than chasing perfection, the book emphasizes the power of continuous action — encouraging readers to prioritize consistent investment habits above all else to achieve long-term financial success. List of All Books I have Shared →

TechnoFunda 101 - Power Capsules

Learn technical as well as fundamental concept in a simple way

The Hidden Cost of Holding On – Why Knowing When to Exit is a Superpower in Investing

In investing, we often focus heavily on what to buy and when to buy.

But rarely do we spend enough time asking:

👉 "When should I let go?"

Holding onto a poor investment comes at a much higher cost than just the unrealized loss.

It silently eats away at your capital, your future returns, and your mental bandwidth.

Let’s understand why letting go — even when it's hard — is one of the most powerful decisions you can make as an investor.

🔎 The True Costs of Holding On Too Long

🔹 Opportunity Cost:

Money stuck in a stagnating or declining stock could have been invested in better opportunities.

Every day you hold a poor performer, you lose the chance to ride a stronger trend somewhere else.

🔹 Time Cost:

Compounding needs time.

The longer your capital is tied up in a non-performing asset, the more you delay the wealth-creation journey.

🔹 Mental Cost:

Dead stocks drain emotional energy.

Constantly worrying about “when it will recover” prevents you from thinking objectively and acting decisively elsewhere.

🔹 Anchoring Bias:

Holding onto a loser often comes from the mental trap of wanting to "get back to your buy price," instead of reassessing whether the business still deserves your trust and capital.

🔹 Lost Compounding Potential:

Imagine keeping ₹1 lakh stuck in a stock that returns 0% over 5 years, while another opportunity compounded at 15%.

The cost isn’t zero. It’s a loss of over ₹1 lakh in missed gains.

🛑 Common Reasons We Hold Onto Bad Investments

• “It’s just a paper loss. I haven’t really lost anything yet.”
• “It’s bound to recover someday.”
• “Selling now would mean admitting I was wrong.”
• “What if it bounces back after I sell?”

These emotions are real — but acting on them can be financially devastating.

📈 A Smarter Way to Think About It

✅ Always ask yourself:

“If I had cash instead of this stock today, would I buy it again?”

If the answer is no, it’s a strong signal that you should exit.

✅ Remember:

Selling a bad stock is not a failure.

It’s an active choice to protect and grow your future wealth.

✅ Good investors are not attached to their past decisions.

They focus on what will make them wealthier tomorrow, not on recovering yesterday’s mistakes.

💬 Key Takeaway

Investing isn't just about riding winners — it’s equally about cutting losers quickly.

Capital preservation and emotional discipline are the bedrock of long-term success.

“You don’t have to recover your losses from the same place you lost them.”

Letting go is not a weakness.

It’s the strength of thinking forward, not backward.

🚀 My Content For This Week 🎬 Metals and Mining | Technofunda Analysis​ ​ 📋 Twitter: Vivek Mashrani, CFA @MashraniVivek “You don't have to pee on an electric fence to learn not to do it” ― Charlie Munger You don't need to go through pain and losses. Here are 10 Hard-Hitting Lessons that Transformed my investing journey 🎯 11:27 AM • Dec 20, 2025 0 Retweets 4 Likes Read 1 replies ​ 📷 Instagram: Our Technofunda Pune Chapter’s first ever offline meet on 10th January 2026 ✨​ 🔗 Linkedin: Power of Long term compounding

🎙️ My Weekly Podcast For You

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Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

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