Hey All,
Is it unrealistic to expect a 100% return on investment in just two years from the #stock market? Besides putting money into #cryptocurrency projects, I also enjoy investing in the stock market. I'm particularly interested in companies with solid business models and ample cash reserves that have the potential to provide substantial returns to their investors over the long term. I believe that aiming for returns exceeding 100% is a reasonable goal, and the more returns, the better it is. Do you agree with me here? Well, I have an example with me where in no less than two years by investing in a stock that goes by the name #zomato, I was able to make a decent profit and Yes its more than 100% that I am talking about. But before we get any further, lets delve into some basic understanding about the #Zomatao company which is a prominent Indian food delivery and restaurant aggregator company & its rivalry company is #swiggy #blinkit and many others.
Zomato Limited primary business involves facilitating the online ordering and delivery of food from various restaurants, along with providing information about restaurants, including menus, reviews, and ratings. Here is my HOLDing value for the stock which is around Rs.47+, total quantity which is 80 shares and my holding value which is Rs. 3800/- Vs the current market value which is Rs.8.2K+. And did you notice the unrealized profit which is around Rs.4K+ and the #return is more than 116% isn't that kind of a return simply amazing? So what do you think would have been my next step here?
Sold #zomato booked profit and bought #exide Industries
Yes, I SOLD #zomato finally booked all the profits and moved on the investing in an emerging company that goes by the name Exide Industry. It is a well renowned company and is a leading Indian company in the automotive and industrial battery manufacturing sector. Established in 1947, it has a strong presence in the battery market, producing batteries for vehicles, inverters, and industrial applications. Exide is known for its reliable and high-quality battery products, serving both domestic and international markets.
I had been tracking for #exide for a quite some time now. So I thought this is the best opportunity to pump in all the money that I get from #zomato sale to buying #exide stocks. As of now I just bought 10 stocks of it but the plan is to slowly and gradually bring this count to a minimum of 500 shares over a period of 3 months. Lets, see if I am consistent with my investment in #stock market or not. At the moment, I am building my portfolio here is as well and only focusing on good quality #stocks...and away from all those #penny stocks... I guess that's it for this post and I do have an another example where I am making 500% return form a #stock but continue to #HODL it.. more about it in my proceeding blog post.... cheers
Have Your Say on Zomato - Stock Price #HODL VS #SELL???
Did you invest in #zomato IPO? Are you HOLDing Vs Selling #zomato? Do you think #zomato will ever cross Rs.150/- mark? What is your near term price prediction for #zomato? Would love to hear your thoughts around it in the comment box below? Cheers
India Stock Market - Can I get 100% Returns in 2 Years?
#stock #stockmarket #bse #nse #nifty #zomato #indiastockmarket #financialmarkets #returns
Image Credits:: moneycontrol, educba, sharekhan
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in BlockChain & Cryptos and have been investing in many emerging projects..cheer