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Q.

I have 350 shares of Essar Oil @ Rs. 190/ what should I do???

About: Money

Tags: money, careers, education
Asked by avinash - agarwal, 16 Mar '10 10:55 am
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Answers (3)

1.

Hold it for 3 years or buy more at dips to average
Answered by sukanta, 16 Mar '10 12:12 pm

 
  
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2.

Avinash, The promoters of Essar Oil are fraud in nature. They hold more than 88% of stocks. Also they are now raising money from Europe as Indian financers have refused to give money. Invest in shares whose promoters are transparent. Go for RIL or ONGC than Essar OIL or its any group companies.
Answered by Shobha Singh, 16 Mar '10 11:31 am

 
  
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3.

It is better to hold now...I read about this in dalal street investment journal's magazine Vol XXV No4...where they said that buy at 135.30 and hold till 172 - 175....Its for medium term
For more detail information on stocks and industries u can log on to www.dsij.in
Answered by manishanandP, 16 Mar '10 11:21 am

 
  
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