Hindustan Copper

Ouch! You have a huge loss with the market price being at Rs. 60. The steep fall in commodity prices is obviously playing havoc with the stock's fundamentals. The Q3FY14 results show this with a dip in sales of 44% and a dip in profits of 85%.

One way of looking at it is that the worst is already priced in and that things can only get better from here. If so, you ought to hold on.

The other way is to take a long-term policy decision never to invest in commodity stocks and/or in PSU stocks, no matter how attractive the valuations may look. A number of successful investors follow this policy.

If you are a believer in this policy, then it would be better to book the loss and look for a secular growth stock, in the Pharma or the Banking space, depending on what the constituents of your portfolio are.