Munjal Auto had a good run from around 100 and the rally ended at 157 because it hit a resistance. It may slip to around 130-132 and consolidate now for some time. But not to panic because Munjal will be touch 160 in about 3-4 months time. Hold for now.
I do not like Talwalkars because personally I think the Gym business in India will take a long time to have many takers. It should saturate soon enough because most housing complexes and good offices provide their own gym and most people in India would hate to pay a monthly fee for using the gym, they would like to have access to a FREE facility.
At least the price looks stretched beyond 220, to me. And I see no reason why it should stabilize beyond 251, unless it proves its growth potential to the market.
So my call would be to hold and exit on bounce backs. No point averaging now; you can do so if it dips below 200.
On Fri, Sep 24, 2010 at 12:24 PM, _______ wrote:
Hi,
I would like to know your suggestion on these following scripts: I bought 100 shares of Munjal Auto Industries @ Rs.146.22/stock. Now it is Rs.139. Also TALWALKARS BETTER VALUE FITNESS @ Rs.250/Stock. Now it is Rs.230. What to do? Kindly need your advice.
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