nandan exim

[ajitanand]

Hello,

Though I never do it, this Friday I have blindly taken someone's recommendation and took Nandan Exim @ Avg Cost Price of 9.93.

This was hitting UCs since past many days. In the afternoon the circuit was broken again before closing.

Now I am reading at many places that 10 Rs is its Target.

If this is true, I will be struck since it might start hitting LCs now, and I wont be able to sell it before Tuesday when it gets allocated to my DEMAT.

Please suggest what should be the strategy for me on Nandan Exim now. Should I hold it or sell it as soon as I can and book some loss (if it does happen)

 

[WildFire]

Nandan's target is 12-15. Look at it's financial's for last 2 quarters, if it maintains 12-15 is acheivable. Also look at the volumes it's trading. My reco hold for atleast 12.

 

[ajitanand]

Thanks for the reply!

But it seems its down already today....

 

[WildFire]

Thanks for the reply!

But it seems its down already today....

It will take a break since it touched 52 week high of 9.8Rs (Jan 2007), beleive it's profit booking and people exiting who where holding this for long time, maybe for more than a year. It took a break when it reached around 7Rs --> 5Rs then started raising. I'm sure it will reach 12 soon and i'm holding based on it's fundamentals. I hold them @ 6.50. Just remember it's rally started from 3rs.

Just my opinion, you can decide yourself on what you want to do with it