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Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Sun, Jan 03 2010. 09 05 PM IST
Updated: Sun, Jan 03 2010. 09 05 PM IST
I have 200 shares of Shree Renuka Sugars Ltd purchased at around Rs178. I am a long-term investor. Should I hold or sell in this rally?
Jasmine
Shree Renuka Sugars Ltd is a good long-term bet and I would suggest you to hold this stock. My short-term target for this stock is Rs256 and long-term (over a year) target of Rs312.
I have in my portfolio 170 shares of Jaiprakash Hydro-Power Ltd and 500 shares of Moser Baer India Ltd. The stocks are consistently under-performing. What should I do?
Prakash
Jaiprakash Hydro has been under-performing for over three months now, but it has the potential to move up from the current levels. I would recommend you to hold it. However, you may pare part of your holding in Moser Baer at around Rs95-97, which is a tough resistance zone for the stock.
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First Published: Sun, Jan 03 2010. 09 05 PM IST
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