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.
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?
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.