I am New to STOCK market. As I started trading newly as per my friend advice, I brought 960 Shares of "ANULABS” . Now the Average Price is Rs. 13.52. The details are as follows...The Purchase date was 24th July, 2009.
Previous Close Rate is Rs. 11.18; The Current Value is my Stock is 10732.80. The Total Loss is 2246.40.I.e 17.31%.
Please Advice me, whether I should hold this stock till I get the Good rate or sell them at this loss. If I have to hold, approximately how long I will have to hold. Is there any chance, again the rate will go to good price. Before I buy this stock I had seen the Previous History of this Stock. In May each share value was Rs.440. In month of May, they Split the Stock Value from Rs. 440 to Rs. 50.
Experts, Please Advise me.
Regards,
Sreeni