About AAF.N? - Hold or sell?

ComeBack · 1 About AAF.N? - Hold or sell? Mon Dec 22, 2014 9:03 pm

ComeBack

Stock Analytic

Posts : 12
Equity Stars : 3644
Reputation : 0
Join date : 2014-12-22

Dear Friends,
I bought some time back AAF.N around 1.90 price range. At that time there was big buying pressure for this. But it did not have any considerable run. Do you think better sell and buy another potential share or hold...? Please advise...... Smile

hlsindrajith · 2 Re: About AAF.N? - Hold or sell? Mon Dec 22, 2014 10:56 pm

hlsindrajith

Manager - Equity Analytics

Posts : 152
Equity Stars : 3844
Reputation : 1
Join date : 2014-10-24

Selling is different from buying. Even if you could not buy you save your money and you do not loose your buying power. You have sell at the correct time. In case there is a loss it should be cut down without further loss.

If purchased at the correct price in general the price does not go down more than 8%.

ComeBack · 3 Re: About AAF.N? - Hold or sell? Tue Dec 23, 2014 12:23 am

ComeBack

Stock Analytic

Posts : 12
Equity Stars : 3644
Reputation : 0
Join date : 2014-12-22

Thanks. But what I meant was, is there any strong reason that AAF will move up in future.... Very Happy

Any comments Very Happy

hlsindrajith · 4 Re: About AAF.N? - Hold or sell? Tue Dec 23, 2014 1:49 am

hlsindrajith

Manager - Equity Analytics

Posts : 152
Equity Stars : 3844
Reputation : 1
Join date : 2014-10-24

Under the central bank consolidation proposal Muthoot finance has invested 51%, the controlling shareholder at 1.60 each.

Muthhoot is india's largest gold finance company. This can be considered as a fundamental reason. Any way it has now appreciated from 1.60 to 1.90 nearly 20%.

Decision is yours but If I were you I would sell when it comes to 1.90 and buy better shares available in the market now.