Profit on Hindalco

I had bought hindalco at rs.103 & sold it today for 110.65. Overall gain of Rs. 6.44 after brokerage & taxes are deducted in 2months. I had purchased stock on 12June,09 & sold on 14August,2009. So return of 6.44 on investment of 103 in 2months. i.e. ROI of 37.5%
Market got boost due to increased IIP numbers (Index of Industrial Production numbers) & release of draft of DTC (Direct Tax Code) & Germany, France registering 0.3% GDP growth.

I thought that this is right time to sell, because this is just positive queue & no measure improvement as such. One negative news... or even .... fear of bad monsoon affecting agri-production getting stronger; the market goes down again. So, it was profitable move ... overall.

RIL is trying to turn the tide towards itself, using its political contacts.... as I had expected & Anil Ambani is pulling his hair over it. I believe that RIL will bounce back soon. If not that... it will certainly not fall below this level. Geodesic needs to perform well quarter-on-quarter basis. I need to be more patient with Geodesic. It is investment, not trading.
Airtel has hit rockbottom. Currently trading at around Rs.450. I had sold it at Rs.894. It was good decision to sell at that time. :)
I AM HAPPY! :)