Am having 200 power grid shares, i have buy at 155 rate i think right now it was 85 or 90 so can hold it??

Question

Can i sell power grid shares at this movment , i have buy at 155 rupes each.

Answer 1

Power grid can be sold at current levels.  Power stocks have got beaten down heavily including NTPC and power grid.

Also experts fee that next strong resistance is at 115 - 119 for power grid.

Answer 2

HI, at presently it is not good time for selling the shares,u may wait for another 2 months. I think within 2 months u will get good price to your share.

Answer 3

Dilip,

Power Grid coprporations shares are good to hold for long term profit. This is the bear phase in stock market and as you see, prices of each shares trading in very low. naturally the price of your shares also low now.

My recommendation is, hold the same and wait till the next bull phase. You will get handsom returns from it.

Stock investing required to qualities, patiance and long term focus. Practice that. You can win.

does this make sense to you?

Answer 4

Why do you want to sell them and book loss?

I mean you are invested in a good company, which has good prospects. The shares are down because of the bear run and global melt down.

Power Grid will perform better once the market sentiments are restored and it will surely bounce back.

If you have the capacity to hold, then I would suggest you hold with the stock and wait for the right opportunity to exit.

Answer 5

I dont think it is the good time to sold the shares... wait and watch the  market.. there will be more drop in market. then there will be gain and markey will reach at around 20000 point... so wait

Answer 6

Hi,

If u r really in need of money then I suggest sell some and hold some. If u r not in that much need right now then u sld wait atleast this yr. I`m sure u`ll again c the price more than 155. And if u`ve some more extra money then I wld suggest buy more shares n get some good avg.

My personal suggestion is, Decide yr time horizon and/or profit/loss at the time when u buy any share.

I hope this wld help u.

Njoy,

Raj