InvestorQ : I have brought andhra cement at price 4.4 but right now its price is 2.6. what can I do? Should I hold it for long time or sell it?
Pravesh made post

I have brought andhra cement at price 4.4 but right now its price is 2.6. what can I do? Should I hold it for long time or sell it?

Answer
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Anushri Vasa answered.
1 year ago


Firstly, you need to be clear on why you bought the stock of Andhra Cement and whether you did some work on the company before buying into it. As long as I can remember this stock has been a penny stock. The stock is also very thinly traded and has a market cap of around Rs.62 crore only.

The company has made losses for a very long time and even at an operating level the company is loss-making. With 70% of the shares with the promoters and daily trading volume of just about Rs.1-2 lakhs, you can imagine where these volumes come from. Just avoid such stocks.