ABOUT MY PURCHASED SHARE

This query is : Resolved 

07 July 2011 sIR, I HAD PURCHASED SHARE AS BELOW :
1. NAGARJUNA AGGRI. Rs. 227/= *100 SHARE
2. GITANJALI GEMS Rs. 324* 50 SHARE
3 . GMDC Rs. 165/- *300 SHARE

But, market is creshed and my money blocked.

What should i do? should i continue and wait for good price of that or sell it ?

07 July 2011 Hi, I am Chartered Accountant and Equity Research Analyst in one of the Major Equity Research Company.

1. Nagarjuna Agrichem Ltd - All the Research Contributors are advising to come out side from this stock, however, you please wait for some time (for market improvement) so as to increase your price based on your opinion.

2. Gitanjali Gems - Based on your purchase price i thought you purchased all these stocks at nearly year end high price. This has a target price of Rs.350/- and when you reach this price you better to sell at that price

3. GMDC - I have no opinion on GMDC and i cannot express my views for that.

The above opinions are suggestions only and any action you have taken on that we are not responsible for that.

Thanks,

07 July 2011 How much is the loss if you sell it to-day is to be established and whether it is a short term loss or a long term loss.

If it is short term then sell it and trade in the shares of the same company by buying at lower price with holding period of minimum 15 days otherwise the department will treat this as a business income. In your B/s the same should be shown as investment.

If Sreenivasa Rao is very much confident then follow his advise.

07 July 2011 How much is the loss if you sell it to-day is to be established and whether it is a short term loss or a long term loss.

If it is short term then sell it and trade in the shares of the same company by buying at lower price with holding period of minimum 15 days otherwise the department will treat this as a business income. In your B/s the same should be shown as investment.

If Sreenivasa Rao is very much confident then follow his advise.


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