HEG is trading above 4100 price. I am sitting on 25% profit which is about Rs. 2.35 lakhs. Have already recovered my losses but waiting for 4300 price to book profit. I will re-enter after booking profit but only after little correction. Also I think many other will book profit at that price point. Hopefully HEG touches 4300 on Monday (HEG AGM is on 23rd July 2018) and I will be able to book Rs. 2.8 lakhs profit. During my re-structuring in May last week I had to book a loss of Rs. 1.8 lakhs. This profit booking will recover all my losses and give me a gain of Rs. 1 lakh, which will be approx. 9% return within 7 months (although I have been invested since November 2017). Let’s see how much I make before November 2018, I still have 4 months in hand. Hopefully I should get 50%-60% gains overall within next 4 months as Graphite price will continue to soar.
I could have made Rs. 1-1.5 lakhs more if I had booked profits at every 10%-15% gain and then buying again on correction, but wanted to recover my losses so didn’t bother. I will be doing that now.
Changes Made :
Current Portfolio :
290 shares of HEG at price of Rs. 3300.