InvestorQ : Invested 2000 shares in Nippon @ 313, now price is 288, should stay invested or exit the share
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Invested 2000 shares in Nippon @ 313, now price is 288, should stay invested or exit the share

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Rashi Mehra answered.
11 months ago
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You need to be a tad cautious about AMC stocks in general and Nippon AMC in particular. Mutual fund collections have been falling sharply in the last few months and that is likely to hit the profits of the AMC. AMC stocks have already rallied sharply and the valuations are quite rich leaving little upside room. You must be a little careful about this stock now. Ideally, exit for now and use lower levels to enter the stock.
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