InvestorQ : Hi Diksha, I had bought Greaves Cotton on your recommendation at Rs.170. The stock is now Rs.209, so what should I do?
Niti Shenoi made post

Hi Diksha, I had bought Greaves Cotton on your recommendation at Rs.170. The stock is now Rs.209, so what should I do?

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diksha shah answered.
4 months ago
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The stock move has been much quicker than expected and it is up nearly 25% in last two days. I still believe that this stock is poised to touch Rs.250 and above in this rally, although it is hard to say whether it will happen immediately or will take more time. It is emerging a great play on the EV space and that space is still not too crowded at this point of time. It is also very reasonably priced for its EV franchise at about 18 times historical earnings.

My suggestion is two-fold. If you have taken a trading position, then you can book profits. Remember, in trading if something is too good to be true then it is probably not true. That should be your approach as a trader. However, if you can hold on for another 2-3 months, my wager would be you can see much higher levels. However, there could be some profit booking seen aggressively at the current or at slightly higher levels.

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