You have bought the stock at a good price because the stock is up 16% from that price. However, I would suggest you hold on to the stock as the food business will see good traction once regular demand picks up. Also there is a lot of revenge buying expected. For now, the preference for defensives will keep interest in the stock. Hold on for higher targets of Rs.4,500 plus. Keep a time frame of around one year.
You have bought the stock at a good price because the stock is up 16% from that price. However, I would suggest you hold on to the stock as the food business will see good traction once regular demand picks up. Also there is a lot of revenge buying expected. For now, the preference for defensives will keep interest in the stock. Hold on for higher targets of Rs.4,500 plus. Keep a time frame of around one year.