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Sectors in Focus

Major Corporate Developments This Week

1. ITD Cementation: Company announced securing two new contracts. The total value of these contracts is approximately Rs 960 crore
2. Financials/ Rate sensitives: RBI eases project finance norms in final circular, reduces provisioning for lenders
3. Mastek: Company Has Announced the Launch of Adopt. Ai, a Comprehensive Ai Solutions Suite Aimed At Accelerating Innovation and Enabling Scalable Ai Adoption across Enterprises
4. GMM Pfaudler: Arm bags order worth EUR 33.2 m (approx ₹330 cr) from a European-based customer
5. AXISCADES: Company and Aldoria have formed a strategic partnership to bolster India's space capabilities.
6. Samvardhana Motherson: Company announced a JV with Egtronics Co. Ltd. to provide vehicle power electronics solutions for clean mobility, focusing on the commercial vehicle segment.
7. CCL Products: Company launches south Indian snacks under 'Malgudi' brand
8. JSW Infra: Company signs MoU with Konkan railway corporation to establish access to Jaigarh port
9. Thirumalai chemicals: Company to raise 4.51B rupees via preferential issue
10. Kay Cee Energy: Company has been awarded a contract by Wonder Cement Limited for supply and engineering services.
11. Uno Minda: Company to Invest Rs 2.1 billion to Establish Greenfield Aluminium Die Casting Plant in Maharashtra to Power EV Growth.
12. Premier explosives: Company received order worth 66.2m rupees
13. Solara Active Pharma: Promoter Pronomz Ventures LLP bought 20 lakh shares.
14. LTIMindtree: Company unveiled BlueVerse, an integrated AI platform that helps businesses fast-track their AI transformation journeys.
15. Gallantt Ispat: Company will acquire a 33% stake in Gallantt Lifespace Developers Pvt Ltd for around ₹730 million.
16. Sudarshan pharma: Board approved fundraising up-to 15b rupees.
17. EMS: Company secures L1 status for Rs 183.81 crore UP Jal Nigam sewerage project.
18. Polycab India: Company has entered into an agreement with BSNL for amended Bharatnet with total project value of Rs 64.5 billion.
19. Bharat Forge Ltd: Company and Turgis Gaillard have signed a memorandum of understanding to offer the AAROK UAV to the Indian Ministry of Defence.
20. Oil upstream stocks: Brent Crude near to $77/bbl, at highest level since 11 Feb 2025
21. DCX India: Company received Rs 28.59 crore export purchase order from overseas and domestic customers

TechnoFunda Investing Quote from Legends -

This quote by Ben Graham emphasizes that successful investing is less about outsmarting others in the market and more about mastering your own emotions, discipline, and decision-making. Markets are unpredictable and driven by collective behavior, but your success hinges on how well you manage fear, greed, impatience, and overconfidence. Rather than constantly chasing returns or comparing yourself to others, focus on sticking to a sound strategy, staying rational, and making decisions aligned with your long-term goals. In essence, investing is a psychological game — and the biggest opponent is often yourself.

📚 Book I'm Reading This Week Buffett and Munger Unscripted Buffett and Munger Unscripted offers a rare and insightful look into the minds of two of the greatest investors of all time — Warren Buffett and Charlie Munger. Drawing from decades of their candid conversations, shareholder meetings, and off-the-cuff remarks, the book captures their wit, wisdom, and unfiltered thoughts on investing, business, decision-making, and life. It’s a treasure trove of timeless principles and mental models delivered in their signature straightforward and often humorous style, making it both educational and deeply engaging for investors at any stage. List of All Books I have Shared →

TechnoFunda 101 - Power Capsules

Learn technical as well as fundamental concept in a simple way

Why a Process Is More Important Than a Hot Stock Pick

Investors often ask:

“What’s the next multibagger?”

But rarely do they ask:

“What’s my process for consistently finding and holding great businesses?”

In this week’s edition, we focus not on returns — but what drives them. And the answer isn’t a formula or a secret stock tip.

It’s a disciplined process.

Here’s why:

🧠 Process > Outcome: A Simple but Powerful Truth

A process is a repeatable, thought-through framework that helps investors:

• Filter decisions objectively
• Avoid emotional reactions
• Navigate different market cycles with clarity
• Reduce decision fatigue and inconsistency

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“If the process is full-proof, the outcome will be rewarding.” You don’t control short-term results — but you do control your approach.

⚖️ Is There One “Correct” Process?

No — and that’s the beauty of it.

Some investors focus on compounders, others on cyclical turnarounds. Some are data-driven, some are qualitative thinkers. The common thread isn’t the style — it’s having a clear, consistent method and sticking to it.

Building your own process means choosing:

Your process is personal. It evolves with time, mistakes, mentors, and market cycles.

🌱 The Bamboo Tree Analogy: Why Returns Often Lag Process

The Chinese bamboo tree offers a powerful metaphor: it takes years of unseen root-building before experiencing a sudden, explosive growth spurt. Similarly, a solid investing process may take years to show visible “returns” — especially while navigating early mistakes. But once the system is internalized, returns can accelerate, often following a hockey-stick or J-curve trajectory

📉 The Cost of No Process? Inconsistent Results & Big Mistakes

Without a process, investors rely on tips, instincts, or trends. That leads to:

• Inconsistent returns
• Overconfidence during lucky streaks
• Large drawdowns during cycles
• Emotional churn and poor portfolio hygiene

​

As James Montier notes in The Little Book of Behavioural Investing:

"Dumb luck can work for a while. But only a process leads to consistent success."

📈 Compounding Happens When a Good Process Meets Discipline

A portfolio with fewer mistakes and consistent 15–20% compounding will far outperform a volatile one with boom-bust cycles.

That’s because:

• Avoiding losses protects capital
• Avoiding stress protects decision-making clarity
• Long-term compounding rewards patience and process

🎯 Key Takeaway

You don’t need perfect foresight. You need a process.

A process built on sound logic, tested through cycles, and implemented with discipline.

As Martina Navratilova said:

In investing, clarity of mind + clarity of process = long-term peace and performance.

🚀 My Content For This Week 🎬 YouTube: How to find Winning Stocks | PEAD Strategy Deep Dive​ ​ 📋 Twitter: Vivek Mashrani, CFA @MashraniVivek Still holding that stock… just hoping it bounces back? Here’s the brutal truth: Holding on too long can cost you more than you think. A thread on why knowing when to EXIT is an investor’s true superpower 🧵 5:6 PM • Jun 7, 2025 0 Retweets 8 Likes Read 9 replies ​ 📷 Instagram: This stock is at an all-time high. should I wait?​ 🔗 Linkedin: I stopped chasing profits and started chasing process.​

🎙️ My Weekly Podcast For You

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Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

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