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With markets facing headwinds, hold on to good stocks even when they fall

While the economy seems to be doing poorly, scarier is the tumbling out of skeletons in the financial sector

Sarbajeet K Sen 

Deepak Mahrotra, 60, a veteran stock market investor, has been caught in a bind. He holds both Maruti and Dewan Housing Finance (DHFL) in his portfolio and has been watching both the stocks almost on a free fall for some time. “I had bought 60 Maruti shares long time back when the price was around Rs 900. I had sold 20 at around Rs 5,500, making a big profit.

However, I have held on to the remaining 40 shares and saw the price coming down to the present levels after reaching around Rs 10,000 recently. I had also bought 500 shares of DHFL at an average price of around Rs 350. I sold half ...

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First Published: Wed, July 24 2019. 21:08 IST
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