Unable to access the bottom line of this share. How far it declines? Huge loss for those who purchased long ago @ around Rs. 3800/-. This much down trend was not expected.
Both time and price correction happened and that's why I think worst has already been priced in Have already bought in one account(2l) at average price of 3500 and had 40 shares in another(previous buyback), waiting for more correction to buy more
@KAMMA SIVA RAMA KRISHNA Ji, I bought 20 shares @3800 earlier. As of now, the price has come down to the territory of 3350. Would you recommend any strategy to cut down the overall loss at this price? Shall we go for averaging out or some other strategy to get the buyback benefits? Thanks in advance!
Bought some more today Now in both the accounts 2lakh worth of shares Let's see where it bottoms out
@techuser Although you have asked Siva ji, I read your query and thought I will answer, it might help
If you need money urgently and there is no option, yes, go ahead and liquidate
Else, sir tight, hold the shares, nobody can predict where it will bottom out but 3350 would be an excellent price for TCS to hold(if you sell it now, you only get this price), tender your shares once the buyback opens and hold the unaccepted shares for long term, I don't think TCS can fall much from here(5-10% fall should not be alarming for a long term investor and I don't expect TCS to fall more than 10% here)
Techuser ji, I suggest you to place buy order for 10 shares @ Rs.3320/- n 10 shares @ Rs. 3310/-. If executed, well n good. Wait for a few days and purchase 10 more shares depending upon the market price. So, altogether 50 shares. Tender all the 50 shares for the buyback for optimum benefit. All the best. Thank you.