Who is Porinju Veliyath?
Porinju Veliyath is one of the most successful stock market investors in India. He has made his fortune in the Indian stock market. The success story of Porinju veliyath is quite interesting. From a homeless person, he has become one of the most respected value stock pickers of India.
Porinju veliyath was born in 1962 at Kochi in a lower-middle-class family. His financial condition was not good. So he started working at an early age as an accountant in a firm. He also works in Ernakulam telephone exchange.
He took admission in law school as they use to provide food and accommodation at low rates.
How did they started investing?
In search of good jobs, he came to Mumbai in 1990. He joined Kotak securities first as a clerk than as a floor trader. In 1995 he joined Parekh securities as a research analyst.
He didn’t like the lifestyle in Mumbai and come back to Kochi in 1999. He had learned all tricks of the trade and started operating from Kochi.
His first major investment was Geojit finance. It went on to become multi-bagger and his investment journey started.
He runs his firm Equity Intelligence Ltd. He has picked many multi-bagger like Shreyas shipping, Wockhardt, Orient Paper, Piramal Enterprises, Balaji Amines, Force Motors, Biocon, and Jubilant life throughout his career.
He didn’t like the lifestyle in Mumbai and come back to Kochi in 1999. He had learned all tricks of the trade and started operating from Kochi.
His first major investment was Geojit finance. It went on to become multi-bagger and his investment journey started.
He runs his firm Equity Intelligence Ltd. He has picked many multi-bagger like Shreyas shipping, Wockhardt, Orient Paper, Piramal Enterprises, Balaji Amines, Force Motors, Biocon, and Jubilant life throughout his career.
Stock picking strategies of Porinju veliyath
- Identify and Invest in future multi-baggers.
- Make strategy when to exit from stock.
- Buy lesser-known, high quality business to derive maximum portfolio value.
- Invest in companies with clean balance sheet, honest management and clear business visibility
1. Identify and Invest in future multi-baggers.
- Porinju has always identified and invest in future multi-bagger companies. The first example was Geojit Finance.
- He invested in this stock in the year 2012. At that time stock was trading at Rs 30. The stock has reached an all-time high on 7th August 2015 Rs 839.
2. Make strategy when to exit from stock
- Porinju veliyath exited from Shreyas Shipping by booking profit at the level of Rs 700.
- After reaching an all-time high stock price is now reduced to Rs 271. So it is important to know when to exit from the stock.
3. Buy lesser-known, High quality business to derive maximum portfolio Value.
- The entire portfolio holding of Porinju is full of a less-known, high-quality business.
- E.g No one was aware of stock such as Gokaldas Exports or Nirvikara Paper Mills before he invested.
4. Invest in companies with clean balance sheet, honest management and clear business visibility.
- Porinju always invests in companies with a clean balance sheet, Honest management, and good business potential. He invested in Geojit Financial Services for this quality Only.
Thank you
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