Vedanta had shown a breakdown when the company failed to de-list. Since then, there has been an unbelievable rise in the stock's price. So much so that has almost
recovered from the breakdown.
Great stock to hold for a slightly longer term.
Go long in
VEDL .
Please like and follow.
NSE:VEDL
Comments
Yes, to catch a stock at the absolute bottom is a great feeling - I completely agree. I added Vedanta at around 96-97. While the profits have been good, the company has also given dividends which is such a great return in itself.
I was able to catch SBIN and ITC at levels of 178 and 170 respectively. They together as of today make almost 45% of my portfolio.
Having said all that, the stock market over all is in a huge bubble. The fundamentals of the country don't compliment the stock market. So maybe profit booking must be done. Again, not any recommendation - just a thought.