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Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Sun, May 16 2010. 10 29 PM IST
Updated: Sun, May 16 2010. 10 29 PM IST
I have 500 shares of Reliance Natural Resources Ltd purchased at Rs64. The stock fell sharply last week. Now should I hold the stock or book loss at this level?
— Amit
The sharp fall in the stock was in reaction of the Supreme Court verdict in the case between Reliance Industries Ltd and Reliance Natural Resources Ltd, which went against the later. However, at current rates you should hold it for at least three-six months as the stock is severely beaten and the markets are also not moving in the positive direction. However, close to your purchase prices you may switch to a better option.
I have 100 shares of JSW Energy Ltd purchased around Rs108. I am a long-term investor and can hold it up to two years. Should I buy, sell or hold the stock at current rates?
— Murthy
Since you are a long-term investor, so at current rates, you should hold the stock and buy more if the stock falls below Rs100.
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First Published: Sun, May 16 2010. 10 29 PM IST