Welcome to the Technofunda Investing community. Thank you for being Life Long Learner...!!!

Share this newsletter Via: LinkedIn, WhatsApp, Twitter​

You can view all previous newsletters here​

Sectors in Focus

Major Corporate Developments This Week

RESULTS / EARNINGS

1. Apollo Hospitals – Net Profit at Rs 502 cr vs Rs 372 cr, Revenue at Rs 6477 cr vs Rs 5526 cr (YoY)
2. Eicher Motors – Net Profit at Rs 1421 cr vs Rs 1171 cr, Revenue at Rs 6114 cr vs Rs 4973 cr (YoY)
3. Torrent Power – Net Profit at Rs 643 cr vs Rs 475.6 cr, Revenue at Rs 6777.8 cr vs Rs 6499 cr (YoY)
4. Britannia – Net Profit at Rs 680 cr vs Rs 582 cr, Revenue at Rs 4970 cr vs Rs 4593 cr (YoY)
5. Titan – Net Profit at Rs 1470 cr vs Rs 990 cr, Revenue at Rs 22520 cr vs Rs 16097 cr (YoY)
6. Grasim – Net Profit at Rs 1037 cr vs Rs 820 cr, Revenue at Rs 44312 cr vs Rs 35378 cr (YoY)
7. BSE – Net profit at Rs 601.8 crore vs poll of Rs 591 crore, Revenue at Rs 1244 crore vs poll of Rs 1152 crore
8. Navin Fluorine – Net Profit at Rs 185 cr vs Rs 83.6 cr, Revenue at Rs 892 cr vs Rs 606 cr (YoY)
9. Linde India – Net Profit at Rs 190 cr vs Rs 116 cr, Revenue at Rs 701 cr vs Rs 605 cr (YoY)
10. HEG – Net Profit at Rs 207 cr vs Rs 83 cr, Revenue at Rs 656 cr vs Rs 478 cr (YoY)

ORDERS / LARGE PROJECTS / CAPEX / PLI

1. BHEL – Company received a contract worth ₹2800 crores from Bharat Coal Gasification and Chemicals Limited.
2. Ion Exchange – Company's arm gets order worth Rs. 1,730 crore from Petroleum Development Oman.
3. Ceigall India – Company received LOA worth Rs. 1,700 crore.
4. Railtel – Company has received order worth of Rs 455 cr.
5. Kernex Microsystems – Company Bags an order worth Rs 411.17 crore from Banaras Locomotive Works for the supply, installation and commissioning of KAVACH loco systems.
6. KP Energy – Company gets LoA from SECI for 100 MW ISTS-connected wind power project.
7. Acme Solar – Company gets LoA for SECI for 301 MW assured peak supply FDRE project.
8. Pace Digitek – Company wins order for 250 MW solar PV plant with 250 MW / 1,100 MWh BESS.
9. Tata Motors CV – PT Tata Motors Distribusi Indonesia secures order for 70,000 vehicles for deployment in Indonesia.
10. Carraro – Company approved capital expenditure of ₹623M to increase manufacturing capacity from 134,028 axles to 154,160 axles.

CORPORATE ACTIONS / MAJOR STAKE / INDEX / GOVERNMENT

1. AB Capital and L&T Finance – Inclusion in the MSCI Global Index
2. IRCTC – Exclusion from the MSCI Global Index
3. BHEL – Government to sell 3% stake in BHEL via OFS, option to sell additional 2%.
4. Adani Enterprises – Adani Road acquires 51% stake in DPJ TOT
5. Marico – Company to acquire 75% stake in skincare firm Skinetiq at valuation of ₹350 Cr.
6. Gravita India – Company has signed a binding term sheet to acquire up to 100% equity stake in Rasthriya Metal Industries Limited (RMIL).
7. Genus Power – Company has signed a share purchase agreement to acquire full ownership of HP C Zone and GAP-3 SPV.

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 🎬 Auto CV Sector | 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: Protect your portfolio against inflation​ 🔗 Linkedin: The Technofunda SIP Portfolio Framework

🎙️ My Weekly Podcast For You

​​

Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

You Can Share This Newsletter...!!! ​​​

Follow all my content on my social media handles below ​​​​​​​​

Disclaimer:

• The content provided on this page by the publisher is not guaranteed to be accurate or comprehensive. All opinions and statements expressed herein are solely those of the author.
• The information found on this newsletter should not be interpreted as investment advice, nor does it express any viewpoint on the future trading prices of any company's securities. The opinions and information shared here should not be taken as specific guidance for making investment decisions.
• The content, including opinions and expressions, present on this newsletter, is not a direct or indirect offer or solicitation to buy or sell securities or financial instruments mentioned. The securities quoted are for illustration only and are not recommendatory.
• Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
• By accessing the site or affiliated social media accounts, you signify your agreement to this disclaimer and the terms of use.
• Neither the publisher nor its affiliates assume liability for any direct or consequential losses arising directly or indirectly from the use of the information provided in this content.

Shivalik Parkview, Ahmedabad, Gujarat 380058
​Unsubscribe · Preferences​