I have 1000 shares of icici bank @ 592. Total investment of almost 6 lakhs. At current scenario my investment has come down to 3 lakhs 60k which i think will come down further as the global crisis still continues. i dont believe in rumors about icici & i have full faith in icici bank that it will bounce back.
but i think it take 6 months or more for icici bank to show 600 or more. If i sell it around say 350 and buy 400- 500 shares of larsen and tourbo @ 800-900. will i recover my money (6 lakhs) in short term period of 3 months? Please guide.
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Dude, my suggestion ll be not to sale..Icici is backed by strong management ,they r taking measures ,not only icici,all banks,at this point selling one stock and purchasing another ,doesnt make any sense.wait for sometime ,it ll bounce back ...