InvestorQ : Hi Diksha, can I book profits in Reliance which you had suggested some time back? Also, I missed Bectors on Monday. Can I still buy the stock now, or any other stock you suggest?
swati Bakhda made post

Hi Diksha, can I book profits in Reliance which you had suggested some time back? Also, I missed Bectors on Monday. Can I still buy the stock now, or any other stock you suggest?

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diksha shah answered.
4 weeks ago
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On Monday, I had not suggested any changes to the holdings. However, on 29 Dec I have already suggested to book out of Reliance Industries. The stock has done well and you need to look at shorter profit targets for the time being. We hold on to other positions but I think you should get more active in churning as 14,000 approaches. I will keep you posted.

Coming to the subject of Bectors Foods, I think the stock fell sharply after you may have taken positions on 28 December as Bectors stock was sharply down in the second half. There is no reason for worry. In case you missed out, you can still buy Bectors. Alternatively, you can even average your long positions in Bectors at lower levels and await exit shortly.

There is one point for you to note. This market has been driven by liquidity and the latest US fiscal stimulus of $2.3 trillion is much bigger than expected. That is good news for Indian IT sector as it shows better market traction. Also, this could lead to dollar weakening, so portfolio investors in India will earn better in currency terms too.
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