I had bought Geodesic at Rs.126.8 on 26May, 2009. & I have sold it today, i.e. 9 Sept.,09 at 143.35. i.e. Held for 106 days. Total approx. brokerage given 0.5(126.8+143.35)=1.350.
Total profit=15.2
Investment=126.8
time=0.3 yr
rate of return=39.9% i.e. approx. 40%
I just hope RIL to touch 2250 mark so that I can get my stuck money out.
These days market is booming. Esp. Infosys is on roll. With no drastic change in fundamentals, it is right time to cash on. Market will definitely correct tomorrow, because advance/decline ration is suggesting that market is on large moving towards correction. NIFTY anyway is in red, while Sensex is still green, but overall indication is towards correction.
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