InvestorQ : Hi Diksha, I bought Reliance, Ambuja Cements and M&M at lower levels, so can you suggest what I should do as all these stocks are making small profits?
Anjana Aiyar made post

Hi Diksha, I bought Reliance, Ambuja Cements and M&M at lower levels, so can you suggest what I should do as all these stocks are making small profits?

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diksha shah answered.
7 months ago
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You would recollect that on Thursday I had suggested you to book profits on Burger King after the stock had rallied sharply by nearly 15% since the call was given around 3 days back. Other than that, I do not suggest any more ideas for profit booking at current levels.

Regarding the three stocks that you have asked me, I think, you can hold on to all the three stocks. All of them are interestingly poised for higher levels with momentum in favour and you can look to book out profits at a later stage. Here is an update on the three stocks.

· Reliance Industries at Rs.1,935 (CMP-1,993) – Suggest to hold

· Ambuja Cements at Rs.244 (CMP-247) – Hold at Averaged Price

· M&M at Rs.700 (CMP-711) – Hold at Averaged Price

You are correct that these stocks are quoting above the price you must have purchased but with the momentum in the market so favorable, you can afford to wait. Of course, there is a risk in any stock but in these conditions, it is a risk worth taking.
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