BOOKING PROFIT IN TATA MOTORS AND JET AIRWAYS

This is the latest snapshot of my portfolio holdings.There are 7 shares and cash balance of Rs.64277

COMPANY	BUY RATE	BUY QTY	% HOLDINGS	SECTOR	TOTAL BUY VALUE	CMP	TOTAL VALUE	% CHANGE
AIRTEL	263	38	10	TELECOM	9994	277	10526	6.08
TATA MOTORS	245	40	10	AUTOS	9800	274	10960	11.83
JET AIRWAYS	333	30	10	AVIATION	9990	376	11280	12.91
JPINFRA	48	208	10	REALTY	9984	49	10192	2
IVRCL INFRA	40	125	5	INFRA	5000	41	5125	2.5
BAJAJ FINSERV	890	6	5	NBFC	5000	862	5172	-2.8
STRIDES	800	6	5	PHARMA	4800	903	5418	12.87
CASH IN HAND							64277
					NET PROFIT=22950		122950

Now I am making some significant changes in the portfolio.Looking into profit booking in high beta names like Jet Airways and Tata Motors as it gave pretty decent gains in last one week.

I choose Jet Airways to buy as valuation became so attractive at Rs.333 despite nothing fundamentally changed. Already there is a buy report and up gradation by CLSA upto 500 last month .Now booking profit in Jet Airways at Rs.376 as it gave 13% gains in just one week.Much better results from Jet Airways was a positive factor for stocks appraisal.

Tata motors added in portfolio at Rs.245 last week.Now it is trading at 274 which is 12% up from buy rate hence booking profit.Added Tata Motors mainly due to low valuation and its better monthly sales announced.

Tata Motors today reported 6 per cent increase in its total vehicle sales to 71,771 units in October this year.

The company's domestic sales of 'Tata' branded commercial and passenger vehicles for October 2012 were at 68,145 units, up 6.74 per cent, over 63,837 units in October last year, the company said in a statement.

So I am reducing my exposure to stocks and keeping cash of Tata Motors and Jet Airways as cash balance.Rs.10960 and Rs.11280 will be added to earlier cash balance of Rs.64277.So latest cash balance will be Rs.86517 and will be utilised effectively in coming days