I have purchased 50 shares of Prakash Industries @ Rs.64/- Present rate is about 37/- should I hold or sell?

Answer 1

Don't listen to Suparnova, I have worked in this industry for over 8 yrs and in a lul in the day, look for interesting questions.....
But to answer your question, I am not familiar with that particular stock, but first look at the reasons you bought the stock and see if the theory still holds; fundamentals still good, new positive or negative influences,new lawsuits pending, etc. Then as I do, before you even buy a stock, decide at what price point you are willing to take a loss at, and stick to your plan. You see...what I see is that you have lost almost 50% of your money, and in order to become a good investor, you need to protect your investment first. If you stick with something like selling when you have an 8-15% loss (rather than 50%) It will be much easier to make up on a winner stock. In order to make up a 50% loss, you need to make 100% profit. A 10% loss, needs only a 20% profit to make up the difference. And never take anyones word for reasons to buy/sell a stock, as it is your money and you're the only one who really cares about increasing the value.....and always do your homework! I am also a "technical trader" as opposed to a "fundamentalist" (although I use both) and technicals usually show a better picture of what the stock is really worth.....fundamentals lie! Best of luck!

Answer 2

The question you should really be asking yourself is wether or not the company remains a good investment, and if you can find a more compelling place to invest the money you have on hand.

Answer 3

To reach purchase rate of shares in near future seems very very difficult. Please wait upto Diwali and get rid of this share in November.

Remain in frontiline stocks

Answer 4

Sell dude cut your losses.

Answer 5

hold on to it not like u making a profit

Answer 6

you shouldent aks questions that matter on yahoo answers. no one who actually uses the stock market would go on here.