Hey All,
This is yet another example on the Stock Market 101; series on booking profits. Where today I would be talking about my profits by investing in stocks Paradeep Phosphates Ltd. First a disclaimer here that I had been holding this stock for quite a while and whenever there was a sharp decline in the price of the stocks, I was averaging it out meaning buying more stocks. Ok now before we get further a bit on as to why I had invested in ticker - "Paradeep Phosphate"
I had my reasons investing in this particular stock which goes by the name Paradeep Phosphates. At first its a competitor to stock - "Chambal Fertilisers & Chemicals Ltd" and I was looking for share in this space and that too its price being less than a Rs.100. So found this gem and check the following image where I bought 230 shares of Paradeep at an average price of Rs.85.97 and then sold all of the shares at a price of Rs.112+.. And finally making a profit of Rs.6K+ Not bad at all...
My second reason to buying this stock was tied to that space it belongs to i.e. is is a manufacturer of non-urea fertilizers and is India’s second largest private sector phosphatic company. The company is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (namely NPK-10, NPK-12, and NP-20), Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid. And finally the company was maintaining a good dividend payout - a healthy dividend payout of 18.0% . Considering all these factors I decided to invest in Paradeep and in chunks and averaged out at every level when there was a sharp decline. Now I am here reporting profit booking and exiting the stock. All this happened in a time spam of 3 to 4 months. Altogether my investment here was almost Rs.20K+ and I exited taking close to Rs.26K+..finally happy with the investment made here. Well that should be it for todays post on the Stock Market 101; series1 on booked profits with real time examples. I will be sharing more of these examples and insights in the upcoming posts to help you navigate the market more confidently. Stay tuned for more tips on making informed decisions and maximizing your returns....Happy Investing... cheers
Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Are you invested in the** Paradeep Phosphates** Ltd? Short term Vs Long Term? Please let me know your views in the comment section below...cheers
#stock #stockmarket #nse #bse #paradeep #paradeepphosphates #investment #finance #strategy #sensex #indiastockmarket
Image Credits:: screener, pro canva, sharekhan, zerodha
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.
