Hi Friends, after big celebration time its good to be back into money. Recently i bought this penny stock - Avon Corporation Ltd[BSE:532995] its listed only at BSE. This company deals with weighing scales for industries like jewellery, pharma, retail segments, consumer scales, fitness industries, hospitals, hotels, government institutions, and heavy industries. The demand for its products has increased to such an extinct that the Company plans to expand its production capacity by setting up a new plant in Baddi, Himachal Pradesh itself :-)
I bought myself 190 shares @ 5 and within a week it started moving up so bought yet another 400 shares to test my luck and averaged the 590 shares price at 7.40 and now currently its at 9.31
My investment is : 590 shares @ 7.40 = 4366
Current Market Price is : 590 shares @ 9.31 = 5492
Profit is = 1126
If you look at the returns, the percentage is 25 percent and that too within two weeks. Should i exit now or should i hold it for more returns ???
Only time and market could answer this :-)
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