Ask Mint | On investments

Ask Mint | On investments
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First Published: Mon, May 24 2010. 12 23 AM IST
Updated: Mon, May 24 2010. 12 23 AM IST
I bought 300 shares of Unitech Ltd Rs101. I am making losses at current rates. Since the stock has been trading down for a long time and the markets are looking weak, should I book loss? I’m a long-term investor.
— Rajesh
The markets are down and they could fall even more given the uncertainties in the euro zone. However, if you are a long-term investor, quitting at current levels (Rs69) may not be a good idea.
It would be better to hold this stock and look out for opportunity of taking profits around Rs86.
Is SJVN Ltd good for long-term investment?
— Shailja
If you have an investment horizon of up to three years, then this stock could be a good investment. However, if you are aiming at short term, then you may find better opportunities, though this stocks is also likely to improve.
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First Published: Mon, May 24 2010. 12 23 AM IST