I have 2000 shares of IEX bought @ Rs. 132. Currently it is showing in loss what to do.

Ans: Hello Revati,

Thank you for reaching out to me for financial advice regarding the status of IT shares in India. I understand your concern regarding the current market trends of IT shares and would like to provide you with my insights.

As you may know, the IT sector in India is closely linked with the USA market since most Indian IT companies have significant exposure to the USA market. Currently, the USA market is experiencing a recession and several bank failures, which has impacted the IT sector's performance in India.

However, it's essential to note that the bigger IT companies in India are high-quality companies with positive cash flows. While there may be a slowdown in revenue and earnings growth, it may be temporary, and the valuations seem reasonable. It's also important to remember that the IT sector is an essential contributor to the Indian economy, and the government has been taking several measures to boost the sector's growth.

In light of these factors, my advice would be to hold on to your IT shares and not panic sell. It's important to keep a long-term perspective and not make hasty decisions based on short-term market trends. If you have a diversified portfolio, the impact of any temporary slowdown in the IT sector may be mitigated.

Additionally, I would recommend reviewing your overall investment strategy with a financial advisor to ensure that it aligns with your financial goals and risk appetite.

I hope this advice helps you make an informed decision regarding your IT shares.

Best regards,

Ans: company data and revenues are good. this is just a temporary impact due to news. You can hold this stock for 2yrs from now for a good upside. Even if possible this is a good time to average it, which would effectively take your price on a lower side.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Ans: getting back to 10k looks difficult, if you are ready to hold for 5yrs then ok else exit

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.