Ask Mint | On investments

Ask Mint | On investments
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First Published: Sun, Nov 15 2009. 08 56 PM IST
Updated: Sun, Nov 15 2009. 08 56 PM IST
I have 100 shares of Rajasthan Breweries Ltd bought way back in 1992. This company is not currently listed and it has been acquired by Delhi’s Rockman Group. Please tell me what to do with these shares.
Prats Kapur
Rockman Breweries TNK Ltd, a part of New Delhi-based Rockman Group, acquired Rajasthan Breweries Ltd in 2004 with all its assets and liabilities. Before acquisition, they must have offered to buy back the shares; you should get in touch with this firm. If it does not work, you can approach the Securities and Exchange Board of India.
Could you please suggest a few stocks for long-term investment?
Vinod Kannan
Some of the stocks that may yield good returns include Steel Authority of India Ltd, Jindal Steel and Power Ltd, Bank of India, Yes Bank Ltd, 3i Infotech Ltd, Infrastructure Development Finance Co. Ltd and Petronet LNG Ltd.
I have 80 shares of Reliance Industries Ltd bought at Rs1,900 each. Should I stay invested or sell? I am a long-term investor.
Sameer
You should hold your investment at least for one year for decent returns.
The answers are based on a technical analysis of markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and provided for information purposes only by Vipul Verma. Readers are requested to do their own research before participating in stock markets, and neither the paper nor the information provider will be responsible for any actions and outcomes based on information provided here.
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First Published: Sun, Nov 15 2009. 08 56 PM IST