Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

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.

About: Company: ICICI Bank Ltd.

Asked by Brian DSouza, 11 Oct '08 12:42 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (6)

1.

Boss hold this, bank of america gained over 17% in fridays trading session, so icici will play a major role as a gainer on monday.
Answered by raghu, 11 Oct '08 09:56 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

If you have full faith.. than why are you asking such type of questions.. ???
Answered by Hiten Azad, 11 Oct '08 04:17 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

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 ...
Answered by Tapas Ranjan Das, 11 Oct '08 12:52 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Please hold them. As you said - it will bounce back.... surely.....
Answered by Arijit Ghose, 11 Oct '08 12:46 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

U should hold this script? as u said it bounce surley, i have also 50 @ Rs 574. so hold this
Answered by Mohammed Dawood, 11 Oct '08 12:43 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
6.

I dont think so hold your position your money will be recovered in 6 months
Answered by brijesh, 11 Oct '08 12:40 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Good decision . ICICI now can not recover & chances of bank closing is more . LNT 50% SBI 25% ONGC 25 % will be more safer at current level............more

Answered by makrand