Query Trends : NOCIL

Query : First time on your site and it gave me a good confidence to ask you this query. I picked up 10,000 shares of NOCIL @ 59 level. I was told that this is going to be multibagger since it is being picked up by Ambani bros, post that, it never crossed Rs.52,and it is now only at Rs.44/55, please advise if I should hold this stock in anticipation of atleast my principal recovery or book loss and move over to some other counter, your views will be greatly appreciated. Srinivas

Thebullishtrends : Nocil closed yesterday at Rs.42.80p in BSE. One thing we are appealing you that don't go along with rumours, go as per the fundamentals of the scrip, it is always safe side. The loos of risk will be low, once you invested as per the fundamentals, follow this principle in stock markets always. People they created rumours and they booked gains on this scrip. We are not expecting immediate rise from the current levels. You have to wait another 5months time, or else you can switchover your investments into a good stocks atleast to recover you loss.