Sold Wockardt, bought Bharti Airtel

November 24th, 2009 by Drops Savings Leave a reply »

Yesterday, I sold Wockardt @ Rs. 175.61 and realised of 80% return in seven months! A three year target was 173.00 and it was achieved in 7 months. So there is no meaning in keeping but can re-enter at a later stage if found attractive.

Bought Bharti Airtel @ 280.70 with a three year target of Rs. 529.00. Drops Savings and Investments recommended Bharti Airtel at the beginning of this month @ 299.95. It has come down a bit, but the long term prospects remain intact. It may be sluggish for some time, but there is good potential.

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