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Globus spirit

 After some iterations I found that process behind picking the stock is important, therefore I found a screener where I will put some filters and I got some companies for research but don't know what type of screen works so for that I choose to follow one of the reputed magazine "wealth insight" from where I find a screen (market cap Less than 5k cr and earning yield double than bond yield) & follow them. what I did that pick companies’ annual reports so that I can understand their business models. I understand the manufacturing sites and production houses because I had done an internship there. globus spirit is part of my circle of competence.

         I started reading about business by putting some skin in the game, therefore I always put 500- 1000 rs to start research. when I opened the investor presentation of globus spirit I am curious about their 360° business model and ongoing CAPEX for increasing ethanol capacity. they are earning from their ENA business where they sell raw material to the branded player, owning some brands which create revenue and selling ethanol to government OMC(oil marketing companies). government planning to 20% ethanol mixer for fuel) but suddenly share price goes down because one of the reputed players in the US was selling a share in a larger amount. I found it cheap so buy more shares. After reading the next one-two quarter concall and investor presentation I found that they are focusing on their brand and consumer business (B2C) where margins come from. trust builds when your word reflects in your actions so consumer business grows I had to buy more. Now I am sitting over there with great profit but last quarter where they shut their plants because of Bihar floods. so Market is so irrational that they are looking to flood in winter and dump the share and I had to buy more. 

        Overall, there is no perfect starting point and destination. what you need to do is make an enjoyable journey where you make money with the process. process means I follow business over the share price

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