Gaurav /Agrawal

Investor in Indian markets since 2008 | Passionate about Indian listed Small, SME and Micro Caps | Ex Bowhead India Fund. Contact: [email protected]

[Gaurav /Agrawal @leechivas]

Sometimes you don't all the information to press the trigger. That is where your gut and experience come to rescue.

Whatever you see, read, hear, observe, experience, it is ultimately feeding your gut and helping you take a better decision.

[Gaurav /Agrawal @leechivas]

When you understand what you own and why you own, you reduce FOMO from social media stocks.

[Gaurav /Agrawal @leechivas]

Inventory is not always just finished goods or raw materials.

For project-based businesses, inventory can include WIP; economically, it is like debtors.

Imp to understand what sits inside inventory and evaluate inventory + receivables together as working capital.

[Gaurav /Agrawal @leechivas]

Nifty 50 is at the same level as it was on 26-27 March 2026

Are the sentiments that bad? Doesn't feel like

[Gaurav /Agrawal @leechivas]

Sideways markets are like this: some days are good, some days are brutal.

Don’t let either distract you from the bigger picture.

Stay the course. Rewards come from being patient through the noise.

[Gaurav /Agrawal @leechivas]

When you look a chart like this, do you feel scarred or do you feel excited?

[Gaurav /Agrawal @leechivas]

Listening to earnings call without doing anything else >> listening to the call >> reading the call >> reading the summary

[Gaurav /Agrawal @leechivas]

PB Fintech which was a 90,000 Cr mcap company yesterday, is down ~30% today.

Who is to say only microcaps are risky?

Market cap doesn't define risk. The expectations embedded in the price do.

[Gaurav /Agrawal @leechivas]

A product that is discretionary in the accounting and compulsory in the culture is a great business to be in.

[Gaurav /Agrawal @leechivas]

Screener watchlist been buzzing with promoter buying

[Gaurav /Agrawal @leechivas]

Great time to be investors in non hot theme sectors as developments are just being ignored.

[Gaurav /Agrawal @leechivas]

Copilot in excel works beautifully well. Don't have to search in AI how something complicated is done, just ask Copilot and it is done.

[Gaurav /Agrawal @leechivas]

Whenever someone gives you a round number price target for a stock (like a 600 stock having a target of 1000), know that it is not arrived after a well thought out maths.

[Gaurav /Agrawal @leechivas]

Having a trust in your process ensures that you don't get swayed by all the hot stories and IPO peddled as next big thing at any valuation.

Spend time in figuring what works and double down on it.

[Gaurav /Agrawal @leechivas]

People have written off hotel sector due to time correction. Closely tracking two.

[Gaurav /Agrawal @leechivas]

Very few companies can grow without raising and diluting.

[Gaurav /Agrawal @leechivas]

AI stocks today, would be interesting to see how fundamental oriented funds act in light of this.

[Gaurav /Agrawal @leechivas]

Financial incentives always and always supersede the personal differences.

[Gaurav /Agrawal @leechivas]

Last year we highlighted CCTV theme.

This year, something else is in making. On our substack and research advisory SOON!!

[Gaurav /Agrawal @leechivas]

US AI labs slowing down and delaying IPO should be seen as a function of expanding losses without having a light at the end of tunnel.

All the high flying AI/ data center stories should get some sense.