Amit Doshi

Knowledge: Collecting the dots Experience: Connecting the dots

𝐁𝐞𝐧𝐠𝐚𝐥𝐮𝐫𝐮 𝐏𝐌𝐒 & 𝐀𝐈𝐅 𝐂𝐨𝐧𝐜𝐥𝐚𝐯𝐞 𝟐𝟎𝟐𝟔: 𝐌𝐞𝐞𝐭 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐩𝐞𝐚𝐤𝐞𝐫 – 𝐀𝐦𝐢𝐭 𝐃𝐨𝐬𝐡𝐢 We are excited to welcome 𝐌𝐫. 𝐀𝐦𝐢𝐭 𝐃𝐨𝐬𝐡𝐢, 𝐂𝐨-𝐟𝐨𝐮𝐧𝐝𝐞𝐫 & 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐚𝐭 𝐂𝐚𝐫𝐞 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐌𝐚𝐧𝐚𝐠𝐞𝐫𝐬, as a speaker at the PMS Bazaar Conclave 2026 - Bengaluru Edition. Book your seat today and meet him on 𝟎𝟗 𝐌𝐚𝐲 𝟐𝟎𝟐𝟔 𝐚𝐭 𝐓𝐚𝐣 𝐌𝐆 𝐑𝐨𝐚𝐝, 𝐁𝐞𝐧𝐠𝐚𝐥𝐮𝐫𝐮. 𝐇𝐮𝐫𝐫𝐲! 𝐒𝐞𝐚𝐭𝐬 𝐚𝐫𝐞 𝐟𝐢𝐥𝐥𝐢𝐧𝐠 𝐟𝐚𝐬𝐭 – 𝐁𝐨𝐨𝐤 𝐧𝐨𝐰: pmsbazaar.com/Events/Conclav… Don’t miss this opportunity to meet, network, and gain insights from leading PMS, AIF & GIFT City fund managers. #Conclave2026 #pms #aif #giftcity #financeevent #bengaluruevent #pmsbazaar

Key insights our Investment Director @amitndoshi will share at the @PmsBazaar Conclave 2026 - Bengaluru Edition on 9th May.

@jitenkparmar @policybazaar @CareHealthIndia Their big ads that they help in claim settlement is also untrue. I tried twice but as you said different RM each time and no understanding of the claim matter. Just a postman and even then nothing happens. Ultimately you have to follow up with insurance company.

Never ever take a travel policy from @policybazaar I took a @CareHealthIndia travel policy from Policybazaar. My flight from Dubai got delayed by more than 4 hours (Jan 2026). I put in a claim as > 4 hours delay, a compensation was to be paid as per policy document. And then the nightmare started. They asked for some docs, which I sent. Policybazaar RM follows up. They keep calling that Care Insurance requires more docs. I tell them it is too much an hassle and I don't want to pursue the claim. But they pursue me to send the docs and they will do the followup with Care. Policybzaar keeps calling and I do give the docs. All that are required. As claim amount is not worth the docs they keep on asking everytime, I decide not to pursue. Care keeps asking for already sent documents. Policybazaar has no clue. Each time different RM calls. I tell them don't call me. But I keep getting calls. And Care keeps sending mails and SMS asking for docs already submitted. It seems Care doesn't want to pay. Fine, I have learnt my lession. I will never buy again from Care and Policybazaar. I don't want the claim. Stop the harassment. Please don't call me again.

@Airtel_Presence my both airtel numbers are not working. I tried putting on flight mode and then restart etc. But not working. Please help. Using wifi for now.

The AI debate has returned and IT stocks are feeling the pressure. Recent developments around advanced coding AI from Anthropic's Claude and the correction in Global & Indian IT stocks have revived discussions around the long-term structure of traditional IT services. Over the past few years, IT remained a core part of institutional portfolios. At Care PMS, we kept exposure to traditional IT services almost negligible, as valuations and growth visibility did not offer enough margin of safety. Instead, we invested in technology enablers and domestic growth businesses, including companies which are more inclined towards Hardware side of the IT. Good portfolios are built not just by what we buy, but also by what we choose to avoid. Below is the last 5 years trend : #NiftyIT

@niraj_shah And go back to studio owing to trump tariffs! 😉

When in doubt, lift weights :) Have a fit weekend, everyone. Prayers for peace ✌️

USA - INDIA Trade Deal done!🚨 After almost a year and multiple rounds of negotiations, the two countries came to a conclusion. Effective immediately, The US will charge a reduced reciprocal tariff, lowering it from 25% to 18%. A lower tariff than China. US Says, India Agreed To Stop Buying Russian Crude. #TradeDeal

Union Budget 2026: Market Takeaways & Portfolio Perspective Union Budget 2026 did not carry any big-bang announcements. Market reactions across sectors largely reflected elevated pre-budget expectations rather than adverse fundamentals. The unexpected announcement around STT weighed on sentiment, even as the Budget largely remained a continuation of the government’s existing policy framework, with a clear emphasis on fiscal discipline. Key Budget Highlights Worth Noting: Employment generation remains a priority, with targeted support across labour- intensive and skilled sectors such as textiles, electronics manufacturing services (EMS), tourism, and healthcare professionals. Tax holiday for data centers, providing long-term policy clarity and visibility for global cloud computing and AI ecosystem players. Continued thrust on sunrise and strategic sectors including semiconductor manufacturing, biopharma, and the development of rare-earth corridors. Shift in agricultural focus from basic staples to higher-value agri-produce such as sandalwood, coconut, cashew, and cocoa, aimed at improving farm incomes. Sustained government capex in defence, railways, and core infrastructure, reinforcing medium-to-long-term growth visibility. Rationalisation of buyback taxation, with buybacks now taxed as capital gains instead of dividend income, which could revive buyback activity and provide relative relief to small shareholders. From a portfolio standpoint, the Budget does not materially alter the outlook for our existing holdings at Care PMS. There are no direct adverse impacts on portfolio companies that warrant a change in our investment stance at this stage. That said, we will closely evaluate select sectors where policy intent and budgetary focus are visible, and assess whether any emerging opportunities merit inclusion. Historically, several meaningful reforms and growth-oriented measures have been implemented outside the Budget framework as well - GST rationalisation being a recent example. With the Budget now out of the way, market narratives are expected to revert to earnings delivery and growth visibility.

India’s industrial production expanded 7.8% in December, its fastest growth in two years, aided by strong growth in the manufacturing, mining, and electricity sectors. The manufacturing sector expanded 8.1% in December, its second-fastest expansion this fiscal year. Mining output grew 6.8% in December, up from the 2.7% expansion seen in the same time a year ago. It grew at an upwardly revised 5.8% in November.

A day that reminded us of our school sports days; simple games, big smiles, and stronger bonds. Care PMS Sports Day brought the entire team together for a fun-filled day of classic group games, friendly competition, and pure team spirit. With four teams on the field, the focus wasn’t just on winning, but on participation, camaraderie, and shared moments that strengthen culture. Because great teams aren’t built only through meetings and milestones, but through moments like these🙂

While the broader market has been navigating a challenging backdrop this year with Nifty and Sensex delivering only muted gains amid weak breadth and persistent headwinds for many sectors, our early strategic exposure to select Metal & Mining stocks has delivered standout results. Hindalco +46% YTD Hindustan Copper +112% YTD Hindustan Zinc +46% YTD NMDC +25% YTD Proof that conviction backed by fundamentals wins - even when the market is treading water. #CarePMS Disclaimer : Biased. Not a recommendation

FMCG vs TELECOM Yes, you read it right! Before you assume it’s an unfair comparison, think about it…Today, mobile connectivity is just as essential as your daily-use essentials like shampoo and soap. In fact, you may need mobile data to order the same shampoo and soap from the nearest quick-delivery service! Jefferies highlights that while entry barriers in FMCG are declining due to aggressive new-age competition, the telecom industry has shifted to a high-barrier landscape. Competition in consumer products is intensifying, whereas telecom has structurally moved toward a duopoly. Bharti Airtel seems to be in a strong position - 🔹 ARPU compounding at ~10% 🔹 Steady volume growth of 2–3% 🔹 Among the most affordable consumer plays today Further, valuation remains attractive: EV/EBITDA ~12–13x vs. 20–30x for many consumer peers Sometimes, the most compelling consumer opportunity isn’t on your shelves - it’s in your pocket. Disc - Not a Reco

@nid_rockz Cash flow and debtors doesn't seem to be an issue?

Phantom Digital Effects #PhantomFX #PhantomDigital H1FY26 Concall Pointers: Guidance: Targeting 240cr revenue for FY26 conservatively (including Milk's contribution from Oct'25) Specifics: 160cr from Phantom+Tippett 80cr from Milk FY27 rev target of 300-350cr with 45% OPM and 30%+ PAT margins OPM are expected to remain at 40%+ on consolidated basis PAT Margin: Targeting 25%+ for FY26 Targets to take it up to 35% in next 2 years as acquisition impact and synergies play out Current order book at 200cr+ 80% international Execution on milestone basis, 90–100cr worth of projects expected completion in FY26

@DealsDhamaka Nexon has a thick A pillar and hence the issue. So safety has created some flaws as well. Quite a few times, I have seen sudden appearance of person who wasnt there a second back. It happens - you are not alone.

Is it only me ? Is it only Nexon ? Or does everyone face this thick pillar issue while driving ?

"Buying overvalued stocks, even if they are well-known blue chips, is not conservative. A conservative approach requires buying at a price that offers value, not succumbing to market hype or inflated valuations." -Warren Buffett’s 1961 Letter This timeless philosophy from Mr. Buffett also inspires our "Large & Mid Cap Strategy" (2020) - built on research, patience and value-conscious investing. The result : 23% CAGR since inception, outperforming industry peers, benchmark and ETFs through disciplined research and rational capital allocation. To know more : carepms.com/investment-app…

Big Win! @nitin_gadkari ji is implementing my QR scan idea! On July 12, I posted: If ₹5 biscuit has all details, why not 100 Cr road? I demanded QR codes for roads. After months of efforts, it’s finally happening! This is just the start of Accountability & Transparency!

@Moto @motorolaindia hello? Anyone there to service the customer please?

@motorolaindia we bought flagship phone razr40 ultra for which moto is an exception in the market but then this green line. Service center says you have to pay 35k+ for display. I know brands like 1+ and Oppo gave free replacement for this issue. Why not moto after spending 80k+

There are 420+ PMS strategies in Pmsbazaar. Out of which, ONLY 72 strategies are 10+ years old. Out of those 72 strategies, 35 strategies are in small & midcap space Out of these 35 strategies, ONLY 8 PMS have delivered 20%+ CAGR @carepms is one of them Quite a record of consistency through cycles..

@motorolaindia @Moto What's the point of requesting for dm when you are not going to respond. It has been more than a week with tweet.

@amitndoshi @Moto Hi, thank you for your message. We regret to hear about your situation. Please send us a direct message so we can assist you. Best regards, Kalpana. twitter.com/messages/compo…

Watch our Investment Director, Mr. Arpit Shah share insights on India’s market outlook, key sectors to watch, and how investors should adapt their lens while evaluating India’s valuations. @Arpit_Care_PMS youtu.be/9UuKricOqfM?si…