Hi Diksha, I bought Power Mech on your recommendation at Rs715 on your recommendation as well as RVNL at around Rs.26 levels when it dipped? Can I exit or add more?
Answer
Answer
I think in your specific case since you bought RVNL at such low prices, which is below my recommended price, I suggest you can book profits at these levels of nearly Rs.34. On Power Mech, I think the rally of new orders has just begun and you can wait for some more time. Probably closer to Rs.800 would be the level to book out. Here is a summary.
· RVNL at Rs.26 (CMP-33.75) – Book Profits
· Power Mech Projects Rs.710 (CMP – 747) – Suggest to Hold