Kaveri Seeds Company Ltd
Kaveri Seeds Company (KSCL) stock price was quoting @Rs.298 on 16th Jan 2013. Stock price made 52 weeks high of Rs.1075.5 on 20th March 2015 and within 10 months it gave back all the gains and made 52 week low of Rs.300 on 18th Jan 2016. It took almost 2 years 3 months to give 260% returns, where as it took less than a year to drop to the level where it started its bull run.
This resembles a situation where we take more time to climb steps, but a slip can make us drift to the floor within the short time! The chart indicates the stock is able to show some strength even during bearish market and one can use this opportunity to accumulate the stock for the possible upside of Rs.400-540 levels. It’s a myth that Buy and hold type of investors need not maintain stop-loss. Professionals keep risk in control and for effective utilization of this opportunity risk level stands @Rs.280.
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Registration Status: I am not a SEBI registered Research Analyst.
As per SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 and clarifications provided by SEBI
“Any person who makes the recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.”
Disclaimer: I do not hold any position in KSCL.