Hey All,
I had been following this stock Indian Hotels Company LTD and its ticker is INDHOTEL for quite sometime now. Before investing in the company I did my research and also posted a blog about the same which can be referred here - India Stock Market Crashed - Buying Indian Hotels Company LTD. Shares - Why I bought INDHOTEL Shares?. The plan was simple to start accumulating shares of INDHOTEL when it falls below Rs.600/- and to be honest I did stick to my strategy and as a result I was able to accumulate 50+ shares - what is the average buying price will come to it as well...
Making Decent Profit In Stock - Indian Hotels Company LTD - My Strategy Ahead...
There were a couple of reasons that I highlighted in my above post as to why I am investing in the hospitality business. Just a recap and the main reason was around the business model and moreover the FIIs and DIIs share is greate than 20%. I personally feel that this level of institutional participation indicates strong confidence from large investors and adds credibility to the stock. Have a look at the following image and the table that talks about my overall investment and profit I am currently making its more than 9% and that too its not been even a month that I invested in this company.
| ScripCode | Industry | DP Bal | Invst Qty | Rec. Bal | Pledge Qty (EQUITY) | MTF-AQTY | Net Bal | Hold Price | BSE LTP | Mkt Price | Hold Value | Mkt Value | P/L | %Chg | S1-R1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTEL | Hospitality | 50 | 5 | 0 | 0 | 0 | 55 | 601.28 | 659.00 | 659.70 | 33070.4 | 36,283.50 | 3,213.10 | 9.72 | 654.0-678.0 |
So what is the plan ahead. Well I will continue to buy more shares as my target is to have atleast 100 shares of INDHOTEL. But the only condition is that I will buy it in my price range and it is in between Rs.600/- plus/minus Rs.10 bucks here and there. I am no rush and when the opportunity strikes I will be doing DCA simple and the best strategy to follow for a long term investor. Apart from that I am also looking to book profits as soon as it hits the 15% mark. The idea is take the profit and then wait from a sharp decline and then buy in what was sold. But I will only execute the trade when atleast I hit 15% profit else the stocks remains in my demat account and quantiy of the stocks grows slowly and steadily according to the plan made. Ok for now this should be it for todays post on - "Stock Market 101:: Making Decent Profit In Stock - Indian Hotels Company LTD - My Strategy Ahead..." Be Alreart & Vigilant before Investing in Crypto & Stocks... Happy Investing.. Cheers
#StockMarket #Crypto #LongTermInvesting #IndianHotelsCoLtd #WealthBuilding
Image Source: Pro Canva license, Chatgpt, Sharekhan App
Best Regards
Paras
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I have a personal interest in blockchain, stocks, and cryptocurrencies and actively invest in emerging projects.