i've invested in ITC stock 4months back. I bought it at 188 and now its 169. Its been 4 months and that stock is not moving ahead as expected. I didn't expect this from 'A' class stock like ITC. There is not much competetion for its cigeratte industry and its hotel industry is doing pretty good and so does the food industry. Since so much is good about this company then why isn't this stock moving guys ?!!!
2007-01-17 08:06:07 · 2 answers · asked by Randhir P 1 in Business & Finance ➔ Investing
more sellers than buyers, stock goes down.
2007-01-17 08:16:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Maybe you bought it when it was overvalued......What was the P/E Ratio at the time of buying? Did you buy it just before a dividend was paid out. Try to understand WHY you bought it, If the reason still holds for the long term, Keep the stock.
If you didn't have a good investment reason, like low P/E ratio. and a rising dividend payout, Maybe you should cut your losses and sell.
And next time research your companies that you want to invest in, Don't take tips.
2007-01-17 09:01:37 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋