I have purchased 200 shares of steel authorities of india @ Rs 110 per share. What is your opinion. Hold or exit.
Ans: In my personal opinion, your cost price of ₹110/- is more than 52 week high of this stock as on 18.04.2023. Current running price is ₹82.50/- which shows a loss of ₹27.50 per share. It is better to hold on this stock, as i feel, looking at infrastructure budget of the existing government, capital outlay would be sizable in the economy and so is the steel consumption in the ancillary industry, which may give natural growth in the steel stock. I feel, SAIL stock should be HOLD for atleast 2 years , for this stock to show a turnover , as present it yields negative return.