InvestorQ : I am holding shares of Nestle India bought many years back. It is double the buying price. Should I hold on after the latest quarter results?
Aditi Sharma made post

I am holding shares of Nestle India bought many years back. It is double the buying price. Should I hold on after the latest quarter results?

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Aashna Tripathi answered.
2 years ago
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Nestle India reported 11% growth in net profits to Rs. 438 crore for the June quarter even as total sales for the quarter were also up by nearly 11.3% at Rs.2982 crore. This is the 10th straight quarter of positive growth for Nestle and Maggi continues to lead it surge. The company has successfully emerged from the pain of 3 years back when the stock had corrected sharply after the ban on Maggi noodles.

In your case, since you are sitting on a good profit, there is really no reason for you to sell the stock. This is a stock that gas rarely lost value except for the rare occasion 3 years back when Maggi Noodles came under fire. You can hold on.

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